What's moving markets on Thursday? Jump in and you'll get the full market wrap!
Market updates on November 12
Key events ahead
British Claimant Count Change – 11:30 MT time (09:30 GMT)
European ZEW Economic Sentiment Index – 12:00 MT time (10:00 GMT)
On Monday, GBPUSD rose to the resistance of 1.2873. Today, it has continued rising after a short correction. On the H4 chart of GBP/USD, the bulls may locate their additional resistance levels at 1.2873 and 1.2890 for the upward direction. The downward trend will have the possible support levels at 1.2806, 1.2790 and 1.2770.
The euro has also started the day rising against the USD. On the H1 chart of EUR/USD, the resistance level of 1.1038 is its closest mark for the bullish scenario. Otherwise, the support levels may be placed at 1.1027, 1.1025 and 1.1016.
The Australian dollar shows a very similar scenario in relation to the USD today. On the H1 chart of AUD/USD, after slumping down to 0.6837 it has risen back to the level of 0.6853. If it keeps the same upward direction, the bulls may locate their resistance levels in the range of 0.6857 – 0.6861. Otherwise, for the market reversal scenario, the support levels may be placed at 0.6848, 0.6845 and 0.6837.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
What's moving markets on Friday? What is the hottest news? Let's find out!