EURUSD is rising a little bit. Overview for 22.11.2018
The major currency pair is keeping positive momentum on Thursday, but investors aren’t very active.
Early in the day, EURUSD is trading a little bit upwards. The current quote for the instrument is 1.1402.
At the moment, investors’ attention is focused on discussions about a possible pause in the key rate hikes that can be made by the US Federal Reserve. There is nothing specific here right now, but considering that the White House is displeased with the monetary policy currently pursued by the regulator, the situation is getting clearer. The US President Donald Trump once again encouraged the US Fed to stop tightening its monetary policy and increasing the key rate. Investors got used to Trump’s comments, but the fact that it remains a topical issue is surely raising a lot of concerns.
Later in the afternoon, the Euro Area will report on the Consumer Confidence in November, which is expected to remain unchanged at -3 points, the same as in the previous month. After that, investors will see the ECB Monetary Policy Meeting Accounts.
The evening is going to be quite calm as there will be no statistics from the USA in the economic calendar due to the Thanksgiving Day celebrations.
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