empty
28.11.2019 11:42 AM
Trader Morning Coffee 28/11_what you need to know

Good morning all,

Yesterday we got to know quite strong US economic data. Indeed, US GDP y/y and durable goods orders were better than expected. However, the market gave a muted response. All benchmark US indices traded higher (from the +0.15% to the +0.66% of DJ Industrial and Nasdaq respectively) while the Volatility Index (VIX) was pricing shy of 14 points the 1 year expected 1 std.

Some Major FX crosses price action was subued as well: EUR/USD got stuckall day in a 30-pips range, while AUD/USD was trapped in a 18-pips range. GBP/USD was an exception, moving almost 90 pips from lows to highs and gaining 0.49% on the day.

ECONOMIC DATA

Today and tomorrow, we will have quite a good bunch of economic data in Europe, while US is celebrating Thanksgiving Day; Switzerland just released its GDP, surprising to the upside: don't miss USD/CHF or EUR/CHF today. Next in the morning (08am - 10am GMT), we are gonna have:

  1. EU M3 money supply3.5% exp
  2. EU services, consumer, industrial confidence
  3. EU economic sentiment indicator 101 exp (prev 100.8)
  4. EU business climate-0.14 exp (prev -0.19)
  5. GE CPI 1.3% exp (prev 1.1%)
  6. ES CPI and retail sales

Tonight, Japan is due to release its unemployment rate, industrial production and CPI data (watch out USD/JPY).

OVERNIGHT NEWS

- UK General Election Poll showed Conservatives are set for a 68-seat majority with the party on track to win 359 (+42) seats

-Asian markets traded mostly lower as the positivity from another record-setting session on Wall St heading into Thanksgiving Day, quickly faded.

Concerning US-China trade deal:

- US President Trump signed the Hong Kong HR bills into law despite Beijing's objections, according to the White House

- China Foreign Ministry reiterated it strongly opposes the US bill on Hong Kong and that the bill severely meddles in China's internal affairs

That's all,

Stay Safe

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

What to Pay Attention to on April 8? A Breakdown of Fundamental Events for Beginners

Once again, no macroeconomic events are scheduled for Wednesday. However, the market is paying little attention to traditional macroeconomic indicators, so standard economic reports are unnecessary. The market is entirely

Paolo Greco 06:57 2025-04-09 UTC+2

GBP/USD Overview. April 9. Disinformation, Rumors, Fakes, and Opinions

The GBP/USD currency pair traded relatively calmly on Tuesday, but Monday brought a full-on whirlwind to the markets. For several days now, we've been using terms like "storm," "chaos,"

Paolo Greco 02:55 2025-04-09 UTC+2

EUR/USD Overview. April 9. The American Circus

The EUR/USD currency pair traded much more calmly on Tuesday. That's no surprise—the market has already reacted to all the news about tariffs and counter-tariffs, and the actual implementation date

Paolo Greco 02:55 2025-04-09 UTC+2

NZD/USD. Analysis and Forecast

The NZD/USD pair is attempting to regain positive momentum, supported by renewed US dollar selling. However, given the underlying fundamentals, bullish traders are advised to proceed with caution. Investors appear

Irina Yanina 19:45 2025-04-08 UTC+2

Market gives away its secret

The world is a stage, and people are its actors. Tragicomedies happen every day in financial markets, but what happened at the start of the second week of April

Marek Petkovich 11:49 2025-04-08 UTC+2

Will Tomorrow Be Better Than Yesterday? (There is a risk of renewed decline in AUD/USD and gold prices)

It's easy to stay optimistic and hope that decision-makers act according to your wishes. Why does this occur? And why can it be a trap for investors? The market sell-off

Pati Gani 09:25 2025-04-08 UTC+2

What to Pay Attention to on April 8? A Breakdown of Fundamental Events for Beginners

There are no macroeconomic events scheduled for Tuesday. However, the current market environment is hardly affected by the macroeconomic background. At this moment, the market has no use for standard

Paolo Greco 07:35 2025-04-08 UTC+2

GBP/USD Overview. April 8. Now It's the Pound Plunging into the Abyss

The GBP/USD currency pair continued its near-crash-like decline throughout Monday. Can anyone even explain, in hindsight, what's happening in the markets right now? There are no questions regarding the drop

Paolo Greco 06:07 2025-04-08 UTC+2

EUR/USD Overview. April 8. 2025 – The Year of Trade Wars

The EUR/USD currency pair traded with notable volatility on Monday. Particularly for a so-called "boring Monday," with no significant events scheduled. Yet yesterday was anything but boring—many experts have already

Paolo Greco 06:07 2025-04-08 UTC+2

The Pound Attempts to Hold Within the Bullish Channel

The United Kingdom is among the few G20 countries that got off relatively lightly—it was hit with a 25% tariff on car exports and a 10% tariff on other goods

Kuvat Raharjo 00:58 2025-04-08 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.