Daily Video Review - 27/11
- Donald Herison
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US markets climbed higher and closed at record levels once again. Volatility was lower as many traders taking an early weekend for the Thanksgiving holiday.
Asian markets were mostly lower. The Nikkei dropped 0.78% as the Dollar weakened against the Yen.
European markets are higher today after the release of positive data from Germany.
Oil dropped to a new four year low ahead of OPEC’s meeting. The meeting will occur in Vienna today and traders are eager to learn if they decide to cut output in response to climbing supply and falling demand.
Gold dropped sharply during the Asian session despite the release of negative US data. However, the metal then regained its losses and is trading choppy once again. Traders are awaiting the Swiss referendum which will take place on Sunday. As the US market is closed today we can expect low volatility.
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What is it? It checks the change in the price of raw materials purchased by manufacturers.
It's a leading indicator of consumer inflation - when manufacturers pay more for goods the higher costs are usually passed on to the consumer.
When? November 27th at 8:30am Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the CAD to rise.
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What is it? It checks the change in the inflation-adjusted value of all goods and services produced by the economy.
It's the broadest measure of economic activity and the primary gauge of the economy's health.
When? November 27th at 8:30am Eastern Time.
Trading Tip: If the number is higher than the forecast, you can expect the CAD to rise.
Talk to us to get get FREE signals and start earning now:
Other top stories:
The Importance of Diversification
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook/Twitter: