CBI: British factory orders manage to recover after October dive
In November, UK factory orders managed to recover, although previously in October they sagged steeply…
ECB Meeting & Press Conference
| Meetings of the European Central Bank tend to have a great impact on the euro. The regulator will announce its rate decision at 14:45 MT time on December 14. |
| At its last meeting in October, the ECB reduced purchases in half as the euro area’s economy showed its best performance in a decade. At the same time, the regulator extended the program by nine months, as inflation is still very low. |
| The ECB president Mario Draghi mentioned that some decisions may be left for December. Watch his press conference at 15:30 MT. The event is going to be a big driver of the euro. If the ECB is positive about the region’s economic and inflation outlook, the euro will rise. If Draghi emphasizes negative risks, the EUR will decline. |
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News to trade on November 20
What are the main topics, which drive the key currency pairs today? Is there a chance for oil to recover? Find out from the news!
Home prices could head south in some smaller Chinese cities next year
In 2019, home prices in some smaller Chinese cities could inch down due to the fact that the world's number two economy speeds down, while the Chinese cabinet is anticipated to step in to withstand any precipitous dive…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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