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All macroeconomic indicators in the United States did not come out as expected. The volume of orders for durable goods, for instance, fell by 0.5% instead of rising by 0.3%. But the dollar continued to rise anyway, despite the fact that the report should have led to the opposite result.
The reason was the improvement in other indicators, which economists projected to remain largely unchanged. US jobless claims fell by 71,000, offsetting the decline in orders for durable goods. New home sales also rose 0.4%, which, although insignificant, is much better than the forecasted decline of around 2.0%.
All these are completely different from expectations, so demand for dollar grew as compared to other world currencies.
Orders for durable goods (United States):
But trading will lag today because the markets will close in celebration of Thanksgiving Day in the United States. There is also a completely empty macroeconomic calendar in Europe.
Talking about EUR / USD, it is currently at 1.1180, where the area of interaction of trade forces is located. Since demand is low and there is holiday in the US, it is likely that the pair will see a slowdown in the downward cycle, followed by a pullback.
As for GBP/USD, it fell below 1.3350, which continued the bearish trend. If the quote falls much lower, the volume of short positions will increase, which will open new opportunities for sellers.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
