Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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.
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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