Analysis

The EUR/USD pair grew to the level of 1.1390

The US dollar is declining against the euro and the Australian currency, however, it is rising against the pound and gold, and shows lateral dynamics paired with the yen. The movement of the instrument takes place against the background of heterogeneous statistics from the United States, published yesterday. Initial jobless claims grew to 234K from 224K a week earlier. Private spending increased to 0.6% in October from 0.2% a month earlier. Personal income also showed a positive trend and amounted to 0.5% in October from 0.2% a month earlier. The FOMC protocol published last night confirmed the Fed’s intention to raise the key rate in December. At the same time, the regulator believes that in the future it is necessary to carefully approach the issue of tightening monetary policy after the December round of rate hikes. Investors reacted to these statements by selling the US currency. In the near future, traders will follow the development of the US-China trade conflict. It is expected that the leaders of the United States and China will be able to meet in the framework of the G20 summit, which will begin today.

EUR/USD

The EUR/USD pair grew to the level of 1.1390. The euro is supported by yesterday's positive statistics on the labor market in Germany. Today, investors will focus on statistics on inflation and unemployment in the euro area. On an annual basis, CPI is expected to fall to 2.1% in November from 2.2% a month earlier. Unemployment rate is expected to fall to 8.0% in October from 8.1% a month earlier.

GBP/USD

The rate of the pair GBP/USD yesterday fell to the area of 1.2768, where it is consolidating currently. The focus of investors remains on the situation with Brexit. Less than two weeks left before the vote in the British Parliament. Against the backdrop of uncertainty about the conditions of Brexit, the trading instrument will be under pressure.

USD/JPY

The USD/JPY pair has changed insignificantly during the Asian session and is moving at 113.37. The statistics from Japan released at night turned out to be mostly negative and could not provide support to the instrument. The unemployment rate increased to 2.4% in October from 2.3% a month earlier. Tokyo Consumer Price Index reduced to 0.8% in November from 1.5% a month earlier. Industrial production rose to 2.9% in October from –0.4% a month earlier.

AUD/USD

The AUD/USD pair rose to 0.7315 during the Asian session. Due to the absence of macroeconomic releases, the movement of the pair's exchange rate will be affected by US statistics.

Gold

Gold quotes showed a moderate positive dynamics and rose to the level of 1224.00.

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