Today’s Key Market Drivers: 30th November 2018
“The G20 Summit this weekend may provide some volatility early next week.”
Join me for Friday Live at 3.00pm AEDT. Today’s topics for discussion.
- How to correctly use the new wave filter for all H&S signals.
- The benefits of meditation for traders.
- What wave are we in on each of the major pairs on the 4-hour chart.
- What key fundamental news drove currency markets this week and how this directly impacted the major pairs.
- A look ahead to next week’s economic calendar.
US Federal Reserve Minutes released on Thursday continue to point towards the US Fed raising rates in December but the likelihood is they may only raise rates one more time in 2019 instead of the quarterly hikes the Fed had been warming markets to expect. Following yesterday’s comments from Fed Chairman Jerome Powell and the sharp fall on the US Dollar the greenback steadied on Thursday although continues to remain under pressure as US stock markets posted another day of gains.
The Euro got some good news on Thursday when Germany, Europe’s largest economy showed a drop in its official unemployment rate from 5.1% to 5%. It’s the first piece of positive economic data out of the Euro Area in what seems like months. Euro Zone CPI is due today and if Germany’s CPI number on Thursday is any guide, today’s wider Euro Area inflation number isn’t likely to beat expectations. We will also get the latest Euro Area unemployment rate which is currently 8%. In other news Canadian 3rd Quarter GDP is set for release on Friday as well as Swiss National Bank President Thomas Jordan is speaking in Bern.
I look forward to seeing you for Friday Live at 3.00pm AEDT.
About the Author: Andrew Barnett
Andrew is a professional trader and successful investor who has a strong focus on education. He is a regular Sky News Money Channel Guest and one of Australia’s most awarded and respected financial experts and is regularly contacted by the Australian Media for the latest on what is happening with the Australian Dollar. Director at LTG GoldRock, Andrew Barnett, guides thousands of traders around the world in the live market on a daily basis, advising them on buy and sell directions, as well as trading his own personal account. Andrew, a regular keynote speaker at trading and wealth-creation events throughout the Asia Pacific region, is an authorized representative registered with the Australian Securities and Investment Commission (ASIC).
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