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.
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
The endless Brexit loop continues to intrigue traders.