Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Market updates on November 26
Information is not investment advice
- The euro is in the sideways movement currently. On the H1 chart of EURUSD, the support level of 1.1004 formed on Monday has been approached this morning. However, the Parabolic SAR indicates there is a potential for the upwards move. In this case, the resistance levels of 1.1020 and 1.1029 may be placed for the bulls. An additional support level may be located at 1.0988 for the bearish scenario.
- The US dollar shows a potential for a decline against the Japanese yen. On the H1 chart of USDJPY, the Parabolic SAR is indicating a recently started bearish trend. The RSI has crossed the 70% upside-down at the same moment when the price bounced down from the upper line of the Bollinger Band. If the bearish move continues, it will have the support levels of 108.91 and 108.84 on its way. Otherwise, the resistance levels may be placed at 108.99 and 109.08
- NZDCAD has been trading at the resistance level of 0.8547, reached this morning. The Stochastic Indicator shows the fast line crossing the slow one upside-down within the overbought zone. This means the price is very likely to continue dropping. For this scenario, the support levels of 0.8526 and 0.8510 may be placed. For the bulls, an additional resistance level may be located at 0.8563.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!