EURUSD is heading for records. Overview for 17.11.2022
The market major on Thursday starts growing again. The current quote is 1.0390.
The evening statistics from the US turned out mixed. Retail sales volume in October grew by 1.3% m/m, while the forecast had been 0.9%. The growth amounted to 8.3% y/y.
Industrial production in the US in October dropped by 0.1% m/m upon growing by 0.1% m/m in September, or by 3.3% y/y.
In both cases, there are details that dictate local changes. However, strategically the US economy reacts quite normally to the speedy growth of crediting price, loan expenses, and other consequences of the interest rate growth.
Many speeches of monetary politicians are scheduled for today in the US. Topics might be totally different, but most probably they will somehow touch upon the perspectives of the financial policy. If the language turns out soft, the dollar might drop deeper.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.