Gold rose, USD/CAD and USD/JPY dropped
What's moving markets on April 22? Read the report to know!
News to trade on November 28
- US preliminary GDP is due to release today at 15:30 MT time. The economy of the US grew by 3.5% in the last quarter. The digits came as a result of positive releases of private inventory investment, personal consumption expenditures, local and state government spending, nonresidential fixed investment, and federal government spending. Analysts anticipate the preliminary GDP to reach 3.6%. If this data is higher than expected, it will contribute to the rise of the USD.
In addition, at 19:00 MT we anticipate the speech by the Fed Chair Jerome Powell. His speech may provide clues on the Fed's view of the US economy and the further rate hikes.
During the American session, Trump commented again on the rate hikes by the Fed, mentioning that he is "not even a little bit happy" with the Fed Chair Jerome Powell.
As a result, the US dollar index has slid a little today. Further direction of the index depends on the Fed chair comments and the GDP release. If they provide the positivity to the investors, the US Dollar index can rise towards the resistance at 97.48. In case of disappointment, it can fall below the support at 97.16
- Britain is awaiting the bank stress test results at 18:30 MT. It is the spotlight of the day for the GBP traders, as it will give an insight into the UK economy ability to survive a hard Brexit. In addition, the financial stability report will be published and the BOE's Governor Mark Carney will deliver his speech afterward. In addition, the British central bank will be publishing its economic assessment of the Brexit outcome during the day. However, any fresh news on the Brexit approval ahead of the House of Commons decision scheduled on December 11 will bring volatility to the British pound. Positive data and confident Carney will push GBP/USD towards the resistance at 1.2832. In the negative case, the pair will fall below the support at 1.2738.
- The news about the US-China talks remain the market movers ahead of the Friday's China president Xi Jinping meeting with US president Donald Trump. Earlier today, Chinese president commented on the widening market access for foreign investors. As a result, the risk-on sentiment across the markets increased. The Antipodeans were lifted by the news. For now, AUD/USD has tested 100-day MA. If the risk-on sentiment increases, the pair can rise towards the resistance at 0.7253. In case of negative news on the escalation of the trade war, the pair will fall towards the 0.7179 support.
- As for NZD/USD, it has tested the 0.6806 resistance today. More positivity among the investors will push the pair above this level. The next resistance for the pair lies at 0.6844. Otherwise, it will fall towards the support at 0.6738.
Similar
JPMorgan finances Super League, Apple unveils new devices
Read the daily report to get the full market wrap!
Tesla killed two people, USD is at one-month low, and other news
Read the daily news and get the fresh tech analysis of EUR/USD, USD/JPY, and gold!
Latest news
Stocks that make news this week
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
The pack of PMIs to boost the euro
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
USD/TRY: testing all-time highs
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
Deposit with your local payment systems
