EURUSD - Whipsaw Market?
What's on for 27th November 2018
US Black Friday sales increased from last year. President Trump may continue to push China's tariff increase.
The German IFO business report was lower than expected. The central bank is currently expected to end bond purchases in December.
What can we expect?
US retail sales have recovered strongly. The results of the G20 meeting announced this week.
The European Central Bank dovish guidance and lower economic forecasts till December 13th monetary policy meeting.
What to Prepare for?
Prices are now ranging and seem to be moving out of the downtrend channel. Important of 1.1310 levels, when the price break below this level, we can see it going down to the next levels going forward 1.11500 May/June last year. Due past fundamental reasons, we may be cautious towards this pair ranging forward.
US Black Friday sales increased from last year. President Trump may continue to push China's tariff increase.
The German IFO business report was lower than expected. The central bank is currently expected to end bond purchases in December.
What can we expect?
US retail sales have recovered strongly. The results of the G20 meeting announced this week.
The European Central Bank dovish guidance and lower economic forecasts till December 13th monetary policy meeting.
What to Prepare for?
Prices are now ranging and seem to be moving out of the downtrend channel. Important of 1.1310 levels, when the price break below this level, we can see it going down to the next levels going forward 1.11500 May/June last year. Due past fundamental reasons, we may be cautious towards this pair ranging forward.
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