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The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2. It is based on a survey of 2000 individuals. The components of the indicator are calculated as the difference between positive and negative answers to the questions asked.
Consumer Confidence shows how individuals see current economic conditions and give a preview into the economic activity of the Eurozone. If the level of indicator is strong, it indicates better economic conditions. As a result, the euro rises.
Follow the economic calendar and compare the actual figures with the consensus given.
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY
Hong Kong’s HK 50 index rose and the Chinese yuan edged up as traders assess the outcome of the first virtual meeting between US President Joe Biden and Chinese leader Xi Jinping.
US Retail Sales will be out on November 16 at 15:30 MetaTrader time (GMT+2). Get ready with us!
EUR/USD has dropped sharply to the low unseen since July 2020. The reason was the higher-than-expected US inflation figures that shocked investors as the annual Inflation Rate rocketed to the 31-year high of 6.2%.
What will happen? NonFarm Payrolls data will be announced at 15:30 MT (GMT+2) on Friday, December 3…
OPEC-JMMC meetings will be hosted on Thursday, December 2 during the whole day.
ISM Manufacturing PMI will be announced at 17:00 MT (GMT+2) on Wednesday, December 1.
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