Important upcoming events and publications for November 20th (GMT):
07:00 Producer Price Index in Germany had steadily gained momentum since February. For October, the annual growth rate is expected to accelerate from 3.2% to 3.3% y/y. PPI is regarded as an early indicator of the consumer inflation’s trends. Growth above the forecasts can additionally support EUR on expectations of the rigid ECB rhetoric.
10:00 The Bank of England Governor will present an inflation report to the Parliament. Traders and investors will put their attention to the economical forecasts and the interest rates trends. These data may increase volatility on GBP.
13:30 The U.S. number of building permits had almost invariably decreased since March, causing more and more apprehensions among investors. On Monday, the NAHB index showed a sharp decline: the development of this trend is able to further weaken the USD.
See the detailed Economic calendar here
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
This website uses cookies
