IronFX Daily Commentary by Charalambos Pissouros | 24/11/2016
November 24, 2016 9:50 am
Main points for Today US data give fresh boost to USD rally • USD drifted higher against its peers following the upbeat durable goods orders, and maintained its gains on Fed’s latest meeting minutes release. • Headline and core durable goods orders beat their estimates and rose in Oct. adding to the latest batch of strong US data. • Whereas the minutes showed that Fed members agreed it might be appropriate to hike “relatively soon”. • DXY peaked to just below 102, its higher level since April 2003. Thin markets could take some of the steam out of USD.
Today: • Germany: Ifo survey for Nov. Expectations index is forecast to have declined marginally, while the current conditions index is expected to have remained unchanged. Final GDP for Q3. • US: Markets closed on Thanksgiving Day. • Speakers: Executive Board Member and Chief Economist of the ECB Peter Praet.
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Main points for Today
US data give fresh boost to USD rally
• USD drifted higher against its peers following the upbeat durable goods orders, and maintained its gains on Fed’s latest meeting minutes release.
• Headline and core durable goods orders beat their estimates and rose in Oct. adding to the latest batch of strong US data.
• Whereas the minutes showed that Fed members agreed it might be appropriate to hike “relatively soon”.
• DXY peaked to just below 102, its higher level since April 2003. Thin markets could take some of the steam out of USD.
Today:
• Germany: Ifo survey for Nov. Expectations index is forecast to have declined marginally, while the current conditions index is expected to have remained unchanged. Final GDP for Q3.
• US: Markets closed on Thanksgiving Day.
• Speakers: Executive Board Member and Chief Economist of the ECB Peter Praet.
Join us for more technical and fundamental analysis: http://www.ironfx.com
To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
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