USD is at two-week low, gold rises
Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
Wednesday is full of US reports
News geeks get ready for the chain of US reports, which starts at 15:30 MT time on November 25!
Instruments to trade: EUR/USD; USD/JPY; GBP/USD; USD/CAD
Wednesday will start with 3 significant reports at 15:30 MT time: the preliminary GDP for the third quarter, core durable goods orders, and unemployment claims. Then, consumer sentiment, personal spending, and new home sales will be out at 17:00 MT time. Finally, the FOMC meeting minutes will be released at 21:00 MT time. It’s awesome as it will increase the market volatility and create huge price swings! The first package of news should have the most impact as it will reveal GDP – the broadest measure of economic activity. Moreover, core durable goods orders are must-watch as well because this report is the key indicator of US production. Follow the reports and catch the market flow!
- If actual numbers are better than the forecasts, the USD will go up.
- Otherwise, the worse-than-expected reports will drive the USD down.
Similar
Any optimism for the Canadian labor market?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
Forex today: gold, AUD/USD, and USD/JPY
Read the report to get the fresh market wrap and trade ideas for today!
Latest news
S&P ASX 200: one step from a breakthrough
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Strong USD is back
Jump in to know the latest market news and trade ideas for today!
NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
Deposit with your local payment systems
