Friday Trades: EUR/USD, USD/JPY, and Gold
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Will the USD be supported?
The United States will release CB consumer confidence level at 17:00 MT time on November 27.
The level of consumer confidence demonstrates the consumer spending which is linked to the economic activity of the country. About 5 thousand households participate in the survey. They rate the current and projected economic conditions. Last month the level of confidence reached a higher-than-expected level of 137.9. According to the current economic conditions of the USA, it can happen again.
• If the consumer confidence is higher than expected, the USD will rise;
• If the consumer confidence is lower than expected, the USD will fall.
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