On Wednesday, November 27, trading in the euro ended lower. The sharp fall to 1.0992 followed by the US session after strong reports on the US economy: GDP and orders for durable goods. The data were better than expected values.
"Briton", on the contrary, closed higher against the US dollar and the single currency. He updated daily maximum on rumors regarding the results of the opinion poll YouGov, which should point to a significant superiority of the Conservative Party in the run-up to general elections. The rumors were confirmed.
Planned statistics (GMT + 3):
At 12:00 the Eurozone will release data on changes in aggregate M3 money supply and private sector credit volume in October. They have no effect on the euro.
At 13:00 the Eurozone will publish the index of consumer confidence sentiment index in the economy, the index of business optimism in industry and the index of business sentiment for November.
At 16:00 in the German consumer price index will be released in November.
At 16:30 Canada has announced changes in the third quarter net balance of payments.
At 19:35 he will make a speech ECB member Benoit Ker.
22:35 In a speech delivered by the President of the Bundesbank Jens Weidmann.
Current Situation EURUSD:
Euro weakening expectations dashed. The price has not reached the two points to the calculated objective 1.0990.
In Asia, the "British" trading in positive territory. The euro is also trading in the positive zone, but is under pressure from the EUR / GBP cross. Rumors of a survey realized. YouGov forecasting model predicted a large majority to Boris Johnson. YouGov has used the same method in the general election in 2017, when he accurately predicted the outcome in 93% of districts and pointed to a hung parliament. If elections were held on November 28, the Conservative Party would get 359 seats, which is 42 more than in 2017 (according to the number of seats it will be the best indicator in 1987).
Today difficult day, as the US stock exchanges are closed Thursday for Thanksgiving Day celebrations, on Friday at American stock exchanges early closing.
Another important point that is worth paying attention to. On Wednesday, came positive statistics in the United States. States signed the law "On human rights and democracy in Hong Kong." Hang Seng (Hong Kong) index fell to 26763 points (-190 points or -0.7%). Index dipped slightly, but gold and the dollar to resume the rally. Yet it is unclear how the bill will affect the signing of the deal. China warned the United States that they do not interfere in the affairs of another country.
After evaluating the pros and cons, we have come to such a scenario today. Channel probit. Price is in the balance line. Waiting EURUSD drop to 1.0997 and from a reduction to 1.1030. According to the structure of the wave sideways without going volumes. If all currencies reverse down, you should expect to test 1.0985. Restoring EURUSD considered due to EUR / GBP cross. If it starts to be adjusted, and the euro strengthened against the dollar.
EURUSD forecast for each day Alpari