Thu 21/02/19
09:02:25
Reuters

EUR/USD 1.10852 (08:50 21.11) EUR/JPY 120.36200 (08:50 21.11) USD/JPY 108.58500 (08:50 21.11) GBP/USD 33.83000 (11:40 17.05) EUR/AUD 1.62904 (08:50 21.11) USD/CAD 1.33183 (08:50 21.11) AUD/JPY 73.91300 (08:50 21.11) AUD/USD 0.68076 (08:50 21.11) USD/CHF 0.99182 (08:50 21.11) EUR/CAD 1.47635 (08:50 21.11) GBP/CAD 1.72747 (08:50 21.11) Las Vegas Sand 57.48000 (10:50 23.05) Bank of America 23.07000 (10:50 23.05) 3M 167.85000 (08:50 21.11) IBM 133.17000 (08:50 21.11) Facebook 197.31000 (08:50 21.11) Baidu 191.96000 (10:50 23.05) Alphabet Inc. 971.72000 (10:50 23.05) Microsoft 149.55000 (08:50 21.11) Boeing 183.68000 (10:50 23.05) LinkedIn 196.17000 (08:50 21.11) American International Group, Inc 52.97000 (08:50 21.11) PETROBRAS 8.27500 (10:50 23.05) Amazon 1745.10000 (08:50 21.11) grupon 3.30500 (10:50 23.05) Netflix 305.11000 (08:50 21.11) Caterpillar 141.63000 (08:50 21.11) Goldman Sachs 216.54000 (10:50 23.05) Exxon Mobil Corporation 82.59500 (10:50 23.05) Apple Inc. 263.06000 (08:50 21.11) Wynn Resorts 125.12000 (10:50 23.05) McDonald's 148.14000 (10:50 23.05) Citigroup 61.14000 (10:50 23.05) JP Morgan Chase 84.88500 (10:50 23.05) Starbucks 60.90000 (10:50 23.05) CocaCola 44.50000 (10:50 23.05) General Motors 35.25000 (08:50 21.11) Twitter 29.20000 (08:50 21.11) Pfizer 32.21000 (10:50 23.05) Disney 107.16000 (10:50 23.05) MasterCard 119.60500 (10:50 23.05) TZA-SHORT X3 40.80000 (08:50 21.11) Direxion Financial Bear 3X Shares 30.44000 (08:50 21.11) Oil 5.14000 (10:01 23.03) GOLD 1470.14000 (08:50 21.11) SILVER 17.13100 (08:50 21.11) PLATINUM 922.20000 (08:50 21.11) Sugar 12.72000 (08:50 21.11) DAX 29.00000 (11:40 17.05) FIAT 10.85000 (10:50 23.05) SMI 5.45000 (10:50 23.05) EUR/DKK 7.47346 (08:50 21.11) COPPER 2.63050 (08:50 21.11) B.PETROL 460.57000 (06:11 06.03) SONY 35.70500 (10:50 23.05) NOKIA 6.55000 (10:50 23.05) INTEL 35.82000 (10:50 23.05) Yahoo! Inc 52.72000 (08:50 21.11) Vodafone Group Plc 29.53500 (10:50 23.05) CITI 60.50000 (04:30 06.03) BMW 73.43000 (08:50 21.11) DELL 79.77000 (08:50 21.11) DBFRA 17.92100 (06:10 06.03) DUBAI 3556.82000 (05:31 06.03) eBay Inc. 34.85000 (08:50 21.11) KUWAIT 6750.76000 (04:30 06.03) NSDQ 5364.75000 (06:10 06.03) SP 28.95000 (10:50 23.05) BARCLAYS 166.98000 (08:50 21.11) ENI S.p.A. 33.62000 (10:50 23.05) General Electric Company 11.44000 (08:50 21.11) HSBC Holdings, plc. 569.00000 (08:50 21.11) TADAWUL 6963.52000 (06:10 06.03) AUDCHF 0.67531 (08:50 21.11) CADCHF 0.74505 (08:50 21.11) Domino’s Pizza Inc 199.34000 (10:50 23.05) GOOG 1302.34000 (08:50 21.11)

Daily Market Review

Daily Market Review
21 November 2019
Daily Market Review
November 21


OVERVIEW

The main pair is getting more and more close to 1.4000, which is the maximum of autumn 2011, but buyers still are not strong enough. Overbuying of the asset plays against the “bulls”. The pair is not discouraged by the height and continues to climb up, though there is not much base for it. Still buyers are ignoring overbought, though it is clear that one spark here is enough start correction.

Yesterday’s comments of the European Central Bank, which triggered a new turn of the Euro purchase, shouldn’t be perceived literally: statistics suggest that absolute recovery of the market in Europe is still far, labor market remains without progress perspective, industrial production is reducing, export is weak. Some positive trends are seen in services, but alone it is not enough. The fact that the EU put up with low inflation means only that the ECB had been evaluating potential struggle with weak CPI for too long.

On Thursday the ECB representative mentioned that inflation expectations would be 2% in the near future. 2% is the target of absolutely healthy economy. Obviously Europe is not up to the challenge in terms of that index now. Yesterday’s data on the US were not noticed by the market. February retail sales grew by 0.3% against the forecast of 0.2%. Besides amount of demands for unemployment benefit constituted 315K against the forecast of 330K.

TECHNICAL ANALYSIS

EURUSD

Yesterday the pair has got above 1.3960 getting close almost to 1.4000. The dip is perhaps a certain way for the pair to catch its breath before the final leap. Analysts expect the Euro to attempt testing the peak in the near term.



USDJPY

The pair is under downward pressure. Yesterday’s abrupt decline is followed by some consolidation. Support is near 101.50. Most likely it is not going to hold for too long, and the bearish trend is going to resume soon.



GBPUSD

The pattern of the past trading day resembles the ones of two previously assets. The general outlook is bearish. The slow pace of decline has resumed after big scale fluctuations.



ECONOMIC CALENDAR



ECONOMIC CALENDAR


04:30       JPY         Industrial Production (MoM)          
08:15       CHF         Swiss PPI (MoM)      
09:30       GBP         Trade Balance      
12:30       USD         Core PPI (MoM)       
12:30       USD         PPI (MoM)      
13:55       USD         Michigan Consumer Sentiment

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