empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

26.11.201511:39 Forex Analysis & Reviews: Global macro overview for 26/11/2015

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Global macro overview for 26/11/2015:

The US released several fundamental data yesterday. Unemployment Claims decreased to 260k, well off the estimate of 273k. There was really good news on Core Durable Goods, which rebounded with a strong gain of 0.5%, matching the market expectations. UoM Consumer Sentiment improved to 91.3 points, but the markets were overly optimistic, as the expectations were at 93.2 points. This consumer confidence indicator comes on the heels of CB Consumer Confidence, which dropped to 90.4 points, nowhere close to the estimate of 99.3 points. These weak consumer confidence readings could raise concerns as soft consumer confidence numbers could turn to weaker consumer spending, which is a main driver of the economic growth in the USA.

The US Dollar Index is trading just below the important resistance at the level of 100.39, still well above 50,100 and 200 moving average. The support is seen at the level of 98.34.

Exchange Rates 26.11.2015 analysis

Sebastian Seliga
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off