Scribd Logo
Upload

Welcome to Scribd!

  • 12th November Market Analysis

    Uploaded by

    Elisha Nissi
    6 views2 pages
    Mr. Ely provides a market analysis and forecast for various currencies for the previous week. Key points include: - The USD is expected to be positive with buy signals as inflation in the US is projected to rise above forecasts, putting pressure on the Fed to continue raising rates. Upcoming CPI data will provide more information. - The CAD, EUR, GBP, AUD, NZD, and JPY are expected to be negative with sell signals due to concerns about rising inflation and interest rates weighing on economic growth in each region. - The CHF is expected to be positive with inflation pressures remaining elevated despite a global drop, while market sentiment is overall negative.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Mr. Ely provides a market analysis and forecast for various currencies for the previous week. Key points include: - The USD is expected to be positive with buy signals as inflation in the US is projected to rise above forecasts, putting pressure on the Fed to continue raising rates. Upcoming CPI data will provide more information. - The CAD, EUR, GBP, AUD, NZD, and JPY are expected to be negative with sell signals due to concerns about rising inflation and interest rates weighing on economic growth in each region. - The CHF is expected to be positive with inflation pressures remaining elevated despite a global drop, while market sentiment is overall negative.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    6 views2 pages

    12th November Market Analysis

    Uploaded by

    Elisha Nissi
    Mr. Ely provides a market analysis and forecast for various currencies for the previous week. Key points include: - The USD is expected to be positive with buy signals as inflation in the US is projected to rise above forecasts, putting pressure on the Fed to continue raising rates. Upcoming CPI data will provide more information. - The CAD, EUR, GBP, AUD, NZD, and JPY are expected to be negative with sell signals due to concerns about rising inflation and interest rates weighing on economic growth in each region. - The CHF is expected to be positive with inflation pressures remaining elevated despite a global drop, while market sentiment is overall negative.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    Mr.

    Ely: 12th November, 2023 Market Analysis


    Currency: Previous week Forecast Market Expected
    Data/News: Sentiment technical
    -Compared with October
    USD of last year, the core CPI is Positive
    Overall +ve Buy
    projected to rise 4.1%. Interest Change
    - The Fed could squeeze
    inflation, and the with high
    economy, harder with number of long
    more rate hikes if inflation
    doesn’t fall toward the trades
    Fed’s goal of a 2% annual
    rate, Powell and others
    said ; this will be verified
    by CPI Data set to be
    released on Tuesday.
    CAD -CANADIANS ARE Negative Overall Positive Sell
    ADJUSTING, AND Interest Change
    FEELING SOME
    PRESSURE, AS THEY
    with high
    JUGGLE COMBINED number of short
    EFFECTS OF trades
    INFLATION AND
    HIGHER RATES
    EURO -There Will Be Negative Overall -ve Sell
    Some Upticks in interest change
    Inflation in the
    with high
    Months Ahead
    number of long
    *ECB’s Lagarde: trades
    Shouldn’t Take
    2.9% Inflation Rate
    for Granted.
    - "policy tightening is
    GBP now bearing down on
    Negative Overall -ve Sell
    inflation" means that Interest Change
    central banks are with high
    implementing
    measures to reduce the
    number of short
    rate of inflation in an trades
    economy that is
    accelerating too quickly
    or where overall prices
    are rising too fast
    CHF -INFLATION Positive Overall Negative
    PRESSURE IS interest change with
    ELEVATED IN SPITE high number of
    OF SHARP GLOBAL short trades
    DROP.
    AUD -Australia's central Negative Overall +ve Sell
    bank on Friday
    warned there were
    Interest Change
    risks of further with high
    upside surprises to number of short
    inflation following its trades
    latest hike in interest
    rates, while also
    raising forecasts for
    economic growth and
    employment.
    NZD Positive data Negative Overall Positive Sell
    Interest Change
    with high
    number of short
    trades
    JPY BoJ Summary Of Negative Overall +ve Sell
    Opinions, October
    MPM: One Member
    interest change
    Said Chance Of with high
    Hitting Inflation Goal number of short
    Is Rising trades
    - One Member Said
    BoJ Must Gradually
    Adjust Degree Of
    Monetary Easing
    - One Member Said
    Important To
    Communicate Need
    To Prepare For A
    World When Interest
    Rates Turn Positive
    Next week’s economic calendar: Calendar | Forex Factory

    You might also like