#FORECAST FOR THE NEW WEEK: NOVEMBER 25-29, 2013 Lets revise #economic events that can affect #Forex trading next week. Pending #sales on the US real estate #market should grow from -5,6% to 2,0% on Monday according to the forecast. #USD can slightly improve its positions while waiting for the #news release, however, we think that actual data will be lower than a #forecast, which will lead to the #dollar rate’s decrease. Information about building permits in the #US should be published at 3:30 p.m on Tuesday, November 26. According to the forecast, the number of #permits will grow. Consumer Confidence #Index should be published right after that, and it is also expected to grow. This info can support #USD. British #GDP should be published on Wednesday, and high volatility is expected for #GBPUSD. Slight deviation from the forecast can seriously affect pound’s rate. In the US, information about orders for durables will be published at 3:30 p.m., and Michigan Consumer Sentiment #Index should be published at 4:55 p.m. Both indices have a positive forecast, which can support #dollar, however, it makes sense to wait for the #news. #US markets will be closed on Thursday because of the #Thanksgiving celebration. As for the other countries: #Swiss #GDP should be published, and it is expected to decrease. #CHF can lose its positions while waiting for the news release. #Germany’s unemployment stats will be published on Thursday as well: forecast expects German #Unemployment Change to grow from 1K to 2K. Euro’s positions can improve. #EURUSD’s and #GBPUSD’s rates might grow on Thursday. Info about #Germany’s retail sales will be published on Friday at 9:00 a.m. Forecast expects index to grow. #Eurozone’s unemployment rate should remain the same, and #Canadian GDP should grow from 1,7% to 2,0%. Make profit in Forex with MAYZUS.COM - MAYZUS This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.
Posted on: Fri, 22 Nov 2013 16:41:31 +0000
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