Analysis

During yesterday's US session, the pair EUR/USD tested the high at 1.1423

USD demonstrates lateral dynamics paired with majors. The USD index fell by 0.15% in one day. Statistics from the United States released yesterday could not have a significant impact on the rate of the instrument. Initial jobless claims grew to 224K from 221K a week earlier. Durable Goods Orders turned out worse than the forecast and dropped to –4.4% in October from –0.1% a month before. Existing Home Sales grew to 1.4% in October from –3.4% a month before. Today in the US, the stock exchanges are closed on the occasion of Thanksgiving. For this reason, lower USD volatility is expected.

EUR/USD

During yesterday's US session, the pair EUR/USD tested the high at 1.1423, then it corrected to 1.1397, where it is consolidating at present. Investors continue to monitor the situation around the budget of Italy, whose government has again failed to comply with the requirement of the European Commission to reduce the size of the budget deficit. According to European officials, the current draft budget of Italy could provoke a debt crisis that will affect all EU countries. Based on the current situation, the European Commission may begin the Excessive Deficit Procedure in early December and apply fines to Italy.

GBP/USD

Quotes of GBP/USD changed insignificantly and consolidate at 1.2786. Against the background of a holiday in the USA and in the absence of news regarding Brexit, there is a reduced volatility of the instrument rate.

USD/JPY

The USD/JPY pair has slightly increased and is trading in the area of 113.00. Yesterday's statistics from Japan was ignored by investors. The National Core Consumer Price Index in annual terms remained unchanged at 1.0% in October, and in monthly terms rose to 0.2% in October from 0.0% a month earlier.

AUD/USD

The AUD/USD pair declined to 0.7247 during the Asian session. Due to the absence of important releases in the US and Australia, the movement of the instrument is technical.

Gold

Gold quotations climbed to 1227.30 during Asian trading.

Add comment

Security code
Refresh

Subscription

Forex Forecast

© 2014-2018 ForexCrypto.top, Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. ForexCrypto.top is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. Only the NFA regulated brokers featured on this site are available to U.S. customers. Forex

Search