Daily Outlook - November 4th
A very busy day expects forex traders with a rate decision in the US being the highlight of the day. There are important figures from all over the world. Let’s see what’s up:
British Nationwide Consumer Confidence is expected to edge up from 71 to 72 points, and show that Brits are still confident about their economy.
Later in Britain, Services PMI is predicted to edge up as well, from 55.3 to 55.4 points. After Manufacturing PMI surprised with a big jump on Monday, it could be higher here as well.
Tensions towards the rate decision on Thursday grows. For more on the British Pound, read the GBP/USD Forecast.
The rate decision yesterday didn’t help the Aussie, that slipped below the support line. Today, Building Approvals are expected to rise by 2.4% after a 0.1% drop last time. At the same time, Retail Sales are published, and are no less important: they’re expected to post a 0.5% rise, less than last month’s 0.9% jump.
Read the rest of the daily forex forecast.
British Nationwide Consumer Confidence is expected to edge up from 71 to 72 points, and show that Brits are still confident about their economy.
Later in Britain, Services PMI is predicted to edge up as well, from 55.3 to 55.4 points. After Manufacturing PMI surprised with a big jump on Monday, it could be higher here as well.
Tensions towards the rate decision on Thursday grows. For more on the British Pound, read the GBP/USD Forecast.
The rate decision yesterday didn’t help the Aussie, that slipped below the support line. Today, Building Approvals are expected to rise by 2.4% after a 0.1% drop last time. At the same time, Retail Sales are published, and are no less important: they’re expected to post a 0.5% rise, less than last month’s 0.9% jump.
Read the rest of the daily forex forecast.
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