Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
American inflation data will drive the USD.
The US will release the levels of CPI and core CPI at 14:30 MT time.
CPI is an important indicator, which accounts for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the Fed to raise interest rates. Last month CPI remained flat, which was lower than the analysts’ expectations. As for the core level of CPI (measure that excludes food and energy process), it came out in line with the forecast. If this time the figures are higher, than the expectations, the USD will get positive momentum.
• If the indicators are higher than the forecast, the USD will rise;
• If the indicators are lower than the forecast, the USD will fall.
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Market updates on November 13
The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell
Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
Latest news
USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
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