Weekly Forex Outlook: 19/11/2021 – European PMIs could spell more bad news for euro
November 19, 2021 11:39 am
The euro has been demolished by fears that partial lockdowns will hit economic growth. This has turbocharged the dollar as traders look for shelter, and the upcoming business surveys will be crucial for whether this rotation continues. Meanwhile, markets are split on whether the Reserve Bank of New Zealand will deliver a single or double rate increase, leaving the kiwi vulnerable in case the central bank ‘plays it safe’.
0:00 Intro 0:14 European Central Bank 2:33 EU PMIS 2:57 Fed Minutes 3:27 US Dollar 4:36 RBNZ 5:30 Kiwi
Risk Warning: 74.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning
Receive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: http://www.xm.com/market-analysis-video
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.
Visit our page for more: http://www.xm.com the international Forex broker.
The euro has been demolished by fears that partial lockdowns will hit economic growth. This has turbocharged the dollar as traders look for shelter, and the upcoming business surveys will be crucial for whether this rotation continues. Meanwhile, markets are split on whether the Reserve Bank of New Zealand will deliver a single or double rate increase, leaving the kiwi vulnerable in case the central bank ‘plays it safe’.
0:00 Intro
0:14 European Central Bank
2:33 EU PMIS
2:57 Fed Minutes
3:27 US Dollar
4:36 RBNZ
5:30 Kiwi
Risk Warning: 74.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning
Receive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: http://www.xm.com/market-analysis-video
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.
Visit our page for more: http://www.xm.com the international Forex broker.
Related Posts: