What will move the market on November 22-26?

What will move the market on November 22-26?

Last week was not full of events, but we still saw decent moves in the charts of majors, S&P500, NASDAQ, oil, and crypto. The upcoming week will bring even more volatility to your favorite assets! Let’s look at the forecasts.

Trade ideas


The USD strengthened Friday and bottomed down to the support of July 2020 at 1.1260. This week, Wednesday will be the crucial day for the US dollar, as we await the US Preliminary GDP and the FOMC Meeting Minutes. While the GDP data will give an intraday opportunity for traders of the USD, the FOMC Meeting Minutes will grab the longer-term attention, as traders will be looking for insights on the economic outlook and tightening measures. For EUR/USD, the next target after the 1.1260 will be at the psychological support of 1.1200. The first resistance lies at 1.1460. Another currency in the focus of the week is the New Zealand dollar that is awaiting the RBNZ Interest Rate Decision during the Asian trading session on Wednesday. As the RBNZ is forecast to raise the interest rate, we may see the NZD outperforming. If the NZD strengthens, NZD/USD will surge to the 200-day SMA near the resistance of 0.71. On the downside, the support levels will be placed at 0.6980 and 0.6935. If you like exotic currencies, pay attention to USD/TRY. The pair rose significantly after the Turkish Central bank cut the interest rate again last week. As the indicators look overbought, a correction to the support of 10.65 might happen.


Last week, both S&P500 and NASDAQ soared to new highs. NASDAQ tested the resistance of 16 560 (the upper border of the channel), and S&P500 rose to 4720. The support levels for these indices lie at 15 920 and 4640, respectively.  Also, HP Inc. (HP) and Dell Technologies (DELL) are reporting their financial data on November 23, after the market close. 

Oil, gas & metals

The oil prices keep moving within a descending trading channel. The price of Brent tested the 77.70 level (38.2 Fibo level) on Friday. A continuation of the downtrend will pull the price of Brent lower to the support of 76. After the breakout of this level, the next support will lie at 72.70. As for WTI, sellers await the test of 74 with a further target at 70.60. The resistance is placed at 79.30.

Gold was consolidating last week between the resistance of 1870 and the support of 1850. Technically, the breakout of 1870 seems extremely likely with the next resistance at 1900. The cross of the support of 1850 will pull the asset lower to 1810.




What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera