The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Market updates on November 21
Information is not investment advice
Key events ahead:
ECB monetary policy meeting accounts – 14:30 MT time (12:30 GMT)
Flash consumer confidence for the Eurozone – 17:00 MT time (15:00 GMT)
- EUR/USD has been targeting the 1.1090 level on H4. If this level is broken, the next resistance will be placed at 1.1103. From the downside, if the pair falls below the 100-period SMA at 1.1072, the next support level will lie at 1.1063. After that the pair will fall as far as the 1.1056 level will be reached. RSI oscillator is about to enter the overbought zone. If it leaves this zone, it may provide us a selling opportunity.
- USD/JPY is having a volatile session. During the Asian trading session, the pair has fallen towards the 108.28 level but managed to recover towards the 108.6 level. If this level is broken, the next resistance will lie at 108.7. From the downside, if the Japanese yen strengthens, the pair will slide towards the 108.46 level. The next support will be placed at 108.36.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
The country has come through the worst and is recovering now.
Moody’s downgraded the country to ‘junk’ status on Friday.
The US economy has been hit hard by the coronavirus outbreak.