Abstract：Australia will report Real Sales data on Tuesday during the Asian session, and RBA Governor Bullock will be attending. The Gfk German survey is due later today. Data on home prices and consumer confidence will be made public in the US.
· Although it bounces back from Monday's low, EUR/GBP is still below 0.8680.
Australia will report Real Sales data on Tuesday during the Asian session, and RBA Governor Bullock will be attending. The Gfk German survey is due later today. Data on home prices and consumer confidence will be made public in the US.
What you need know on Tuesday, November 28 is as follows:
The US Dollar Index fell by 0.20% after a calm day, closing at 103.20, its lowest level since late August. This 2-year to 4.89%, while the 10-year from 4.50% to 4.38%.
US new home sales unexpectedly fell short of the market's prediction of 725K, falling by 5.6% to 679K. The US Housing Price Index, S&P/Case-Shiller Home Price Indices, CB Consumer Confidence, and Richmond Fed Manufacturing Index data that are scheduled to be released on Tuesday. The Core Personal Consumption Expenditure Index is due later this week. On Tuesday, Goolsbee, Waller, Bowman, and Barr, Fed officials, will give speeches. On Saturday, the blackout period starts.
It was the highest close for EUR/USD in three months. As 1.0950, more gains seem possible, and a test of 1.1000 is imminent. The German GfK survey is due on Tuesday. Inflation data that begin to be released on Tuesday are the main topic.
For the third day in a row, the GBP/USD pair increased, closing over 1.2600. The pair is seeking a new equilibrium level, with a upside.
After three days of calm trading, the USD/JPY fell sharply, with lower yields contributing to the decline near 148.50.
For the first time since early August, the AUD/USD pair increased above 0.6600 and overshot the 200-day Simple Moving Average (SMA). Bullock, the Governor of the Reserve Bank of Australia, will take part in a panel discussion on “Inflation, Financial Stability, and Employment.” Data on retail sales for October is due.
The USD/CAD pair seems to has stayed below the 55-day SMA. There is a negative bias in the risks. On Friday, employment figures will be made public.
Gold spiked higher and crossed above $2,010, a crucial resistance level. In addition, silver surged best daily closing over $24.50 in weeks.
On Monday, there was another downward push in the EUR/GBP, with the pair falling below 0.8660. Following this, with the Euro regaining 0.8680 against the Pound Sterling (GBP).
The release of the Eurozone Harmonized Index of Consumer Prices (HICP) inflation numbers on Thursday, the European Central Bank (ECB) is increasing its rhetoric in the market. For the annualized period ending in November, Eurozone inflation is predicted to 2.9% to 2.7%; President Christine Lagarde issued a warning early on Monday, suggesting that the Eurozone may inflation statistics in the months ahead.
Governor Andrew Bailey of the Bank of England (BoE) will make another public appearance on Wednesday. He is scheduled to the 50th anniversary of the London Foreign Exchange Joint Standing Committee. Even though there won't be a question period, investors will still be watching the head of the BoE about policy related to the FX markets.
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