Monday 2nd December: Weekly technical outlook and review.
Friday had Europe’s shared currency a shade higher against the buck, recording a session low at 1.0981 and highs of 1.1028. On the data front, annual Eurozone inflation rose 1.0% in November 2019, up from 0.7% in October.
Friday 29th November: Subdued Trade Leaves Dollar Unchanged South of Weekly Trend Line Resistance.
The US Thanksgiving holiday witnessed thin trade Thursday. On the data front, however, headline German CPI for November missed expectations for a pick-up to 1.3%, and the pace remained unchanged at 1.1%, missing estimates for a rise to 1.3% y/y. The m/m release fell deeper than expected, falling 0.8% vs. 0.6% expectations.
Thursday 28th November: Volatility May Thin Today as US Banks Close in Observance of Thanksgiving Day.
British Prime Minister Boris Johnson is on course to win a majority of 68 in parliament at the Dec. 12 election, according to a model from pollsters YouGov that accurately predicted the 2017 election (Reuters).
Wednesday 27th November: Technical Outlook and Review.
Leaving the key figure 1.10 unopposed, EUR/USD movement turned sluggishly higher Tuesday, aided by weaker-than-anticipated US consumer confidence data. According to The Conference Board, the Consumer Confidence Index decreased in November, following a slight decline in October.
Tuesday 26th November: Dollar Subdued Ahead of Consumer Confidence Data.
Europe’s shared currency finished Monday mostly unmoved against the US dollar. In terms of risk events, sentiment among German executives has improved a little, according to the IFO Institute for Economic Research.
Monday 25th November: Weekly technical outlook and review.
Longer-term flow retained a bearish tone last week, languishing south of a long-standing resistance area at 1.1119-1.1295. Further selling going forward has the lower boundary of a descending channel to target (extended from the low 1.1109), merging closely with the 2016 yearly opening level at 1.0873.
Friday 22nd November: Euro steady ahead of manufacturing data.
Key risk events today: French Flash Services PMI; French Flash Manufacturing […]
Thursday 21st November: Technical analysis and review.
Key risk events today: European Central Bank (ECB) Monetary Policy Meeting […]
Wednesday 20th November: Markets largely unmoved ahead of FOMC.
Key risk events today: Canada CPI m/m, Common CPI y/y, Median […]
