Will PMIs Trigger Fresh Highs in the USD?
The United States will publish Flash Manufacturing and Services PMIs on Tuesday at 16:45 GMT+2.
Will the Canadian dollar strengthen?
Canada will release its GDP growth rate at 15:30 MT time on November 29. The indicator represents the change in the inflation-adjusted value of all goods and services produced by the economy. It shows the economic health of a country. If it increases, the central bank considers raising the interest rate. As a result, the Canadian dollar gets stronger. During the previous release, the indicator came out lower than the forecasts. It advanced only by 0.1% (vs. the forecast of +0.2%). Let’s see what to expect this time.
• If the indicator is greater than the expectations, the CAD will go up.
• If the indicator is weaker than the expectations, the CAD will go down.
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The GBP may be supported
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
The pack of PMIs to boost the euro
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
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The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The FOMC Brings New Insights for the USD
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