Weekly Forex Outlook: 26/11/2021 – NFP report could keep the dollar rally going
November 26, 2021 11:32 am
It will be hard for the US dollar to escape the spotlight in the coming week as the November jobs report will likely further fuel expectations of faster Fed tapering, extending the rally. The last month of the year is expected to get off to a busy start with a slew of data on the way. Aside from the US highlights, Canada will also be reporting jobs numbers in addition to its Q3 GDP print, Australia will publish growth figures too, while the Eurozone’s flash inflation readings might give the euro a much-needed reprieve.
0:00 Intro 0:18 US NFP 1:30 Fed Chair Powell 1:48 US Dollar 1:58 Canadian Data 2:42 Loonie 2:54 OPEC 3:49 Eurozone Inflation 4:18 Euro
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It will be hard for the US dollar to escape the spotlight in the coming week as the November jobs report will likely further fuel expectations of faster Fed tapering, extending the rally. The last month of the year is expected to get off to a busy start with a slew of data on the way. Aside from the US highlights, Canada will also be reporting jobs numbers in addition to its Q3 GDP print, Australia will publish growth figures too, while the Eurozone’s flash inflation readings might give the euro a much-needed reprieve.
0:00 Intro
0:18 US NFP
1:30 Fed Chair Powell
1:48 US Dollar
1:58 Canadian Data
2:42 Loonie
2:54 OPEC
3:49 Eurozone Inflation
4:18 Euro
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.
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