Forex weather on November 22, 2017
Market Events today:
16:30 MSK. USA: Change in orders for durable goods in October (the previous value of 2.2% m / m forecast 0.4% m / m).
22.00 MSK. USA: Publication of minutes of the Fed.
Forex. The euro dollar forecast for today EUR / USD 22.11.2017
Players navalyutnoy Exchange today is to sell EUR / USD pair to calculate the downtrend. There are two factors that will contribute to the development of this trend.
The first factor - the decline of the German yield spread and mariknskih 10-year government securities. This indicator is now at a three-week low, it is a negative driver for the currency of the European Union.
Another factor - the growth of stock markets. US S & P500 at yesterday's auction has updated the historical maximum, and the leaders of growth were paper IT-sector. This is a bad signal for the currency of the Old World, as the euro has an inverse correlation with the equity markets.
EUR / USD recommendation 22.11.2017: Sell 1,1740 / 1,1768 and take profit 1,1685.