Several indicators for the American economy, consumer reports for the UK and Japan, European business confidence and the Canadian monthly GDP growth rate are expected this week.
EURUSD is to confirm the upward trend, USDCAD is preparing for the pressure down, and GBPUSD is in a sideways movement
The US dollar is under pressure down, the Canadian dollar is in the correction.
Updates on the US-China trade deal are in focus
The monetary policy statements by different major banks will be released, while we are awaiting more details regarding the US-China phase one trade deal.
The Canadian year-on-year inflation rate will be released at 15:30 MT time on November 20.
EURUSD in a correction, GBPUSD in the oversold zone and USDJPY testing the resistance
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
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.
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