Important upcoming events (GMT):

09:05 🇵🇳 AUD [***] RBA Governor Philip Lowe Speaks
13:30 🇺🇸 USD [**] US Goods Trade Balance
15:00 🇺🇸 USD [***] US CB Consumer Confidence

Detailed economic calendar

Currency and stock volatility update lows. Is the reversal close?

It is easy to describe this market situation as complete lull, as both intraday trading ranges and expected volatility are decreasing. The VIX index – the index of the implied volatility of the S&P500 declined on Tuesday below 12.0 – the lowest since October 2018. Immediately after touching the local lows at 11.3 for VIX, the S&P500 turned down, losing more than 20% during the next 60 trading sessions.

There is a quite similar situation on the currency market where EURUSD volatility fell to 5-year lows. Many experienced currency market traders remember that alarming calm among the major currency pairs in early 2014th. After the calm EURUSD saw a continuous and robust trend, weakened by 22% from August 2014 to March 2015.

But one should note that the decrease in volatility is only a sign of calming the markets, not their reversal.

https://fxpro.news/daily-forex-outlook/currency-and-stock-volatility-update-lows-is-the-reversal-close-20191126/

#WaveAnalysis
#Alibaba is expected to rise further toward the next resistance level 195.00

https://fxpro.news/market-snapshots/alibaba-wave-analysis-26-november-2019-20191126/

#WaveAnalysis
#GBPAUD is expected to fall further toward the next support level 1.8900

https://fxpro.news/market-snapshots/gbpaud-wave-analysis-26-november-2019-20191126/

Important upcoming events (GMT):

07:00 🇩🇪 EUR [*] Ge Import Prices
13:30 🇺🇸 USD [**] US GDP 2nd estimate
15:00 🇺🇸 USD [**] US Personal Income / Outlays
19:00 🇺🇸 USD [**] Fed's Beige Book

Detailed economic calendar

#WaveAnalysis
#NZDJPY is expected to rise further in the active impulse wave (c) toward the next resistance level 71.00.

https://fxpro.news/market-snapshots/nzdjpy-wave-analysis-27-november-2019-20191127/

#WaveAnalysis

If the #Amazon breaks above the resistance level 1810.00 – Amazon can then rise toward the next key resistance level 1850.00

https://fxpro.news/market-snapshots/amazon-wave-analysis-27-november-2019-20191127/

Important upcoming events (GMT):
06:45 🇨🇭CHF [**] Sw Gross Domestic Product
13:00 🇩🇪 EUR [***] Ge Consumer Price Index
US Thanksgiving day – markets are closed

Detailed economic calendar

FX market prepares for the marathon

Volatility of most popular currency pairs has sharply decreased in recent days, as EURUSD fluctuations were the lowest in the history of the common currency. It seems that it found balance near a significant round level of 1.1000, having a lack of drivers to form a new impetus.

However, experienced traders in the stock markets perceive the calm of the markets as a preparation for a remarkable leap. Traders often look at this as on a possibility of a drop after a long but relatively quiet growth. It’s like jumping into an elevator shaft after climbing stairs.

The lull in the currency market ends in a slightly different way.

https://fxpro.news/daily-forex-outlook/fx-market-prepares-for-the-marathon-20191128/

Bit-comment: Bitcoin has settled and tries to grow

Bitcoin settled around $7,100 and started to grow. Investors wanted to make sure that the sell impulse dried up before they started buying. Bitcoin rose by 5% in the last 24 hours and traded around $7,600. The technical indicators showed that the benchmark cryptocurrency was oversold.

https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-has-settled-and-tries-to-grow-20191128/

FX: The dollar index retreated from 98.4 to 98.2 on the recovery in demand for risk. EURUSD still stuck at 1.1000. GBPUSD corrected to 1.2930 after a jump by 0.9% to 1.2950 after YouGov poll forecast the biggest majority for Conservatives in more than 30 years. Foreign exchange market volatility remains low, further suppressed by US holidays.

Stocks: Futures for S&P500 retreated from their historic high amid concern over China-US relations. EuroStoxx 50 loses 0.3%, retreating from 4-year peaks. MSCI World adds 0.2% over last 24h. The VIX volatility index grew from 11.45 to 11.75.

Commodities: Brent failed to gain a foothold above $63.0 after reports of US reserves and production growth. Gold tramples at $1457, near the lows of the month.

Crypto: Bitcoin corrected to $7450 after the jump from $6800 to $7600. The top 10 altcoins range from + 3.3% (XLM) to + 8.3% (TRX).

#WaveAnalysis
#Microsoft is expected to rise further toward the next resistance level 156.60

https://fxpro.news/market-snapshots/microsoft-wave-analysis-28-november-2019-20191128/

#WaveAnalysis
#CHFJPY is expected to rise further toward the next key resistance level 110.15

https://fxpro.news/market-snapshots/chfjpy-wave-analysis-28-november-2019-20191128/

Wake-up calls from Asia pressured the markets

South Korea’s manufacturing sector lost 1.7% in October, with Japan’s monthly loss of 4.2%. These data should be considered not only as a signal of the weakness of these countries. They are vital exporters of equipment and goods for China and other Asian countries. These are early signs how much the world economy affected by trade disputes and this impact only gaining momentum.

Under these conditions, it is very remarkable to hear ideas that US stands out from the rest of the world with robust data and will gain when all others soften. This decoupling idea is dangerous because it is a repetition of a common 12-years old misconception.

https://fxpro.news/daily-forex-outlook/wake-up-calls-from-asia-pressured-the-markets-20191129/

Bitcoin’s bounce bumped into the resistance

The end of the week turned out to be much more favourable for the crypto market than its beginning. Bitcoin was able to return from the area below $7,000 and clings to levels around $7,500. In June and October, this area was a significant support that now may become serious resistance.

https://fxpro.news/analysis-and-insight/bitcoins-bounce-bumped-into-the-resistance-20191129/

#WaveAnalysis
#Alibaba is expected to rise further toward the next resistance level 205.00

https://fxpro.news/market-snapshots/alibaba-wave-analysis-29-november-2019-20191129/

#WaveAnalysis
#GBPAUD is expected to fall further toward the next key support level 1.8900

https://fxpro.news/market-snapshots/gbpaud-wave-analysis-29-november-2019-20191129/

Markets wait for the data to take a next step

This week the focus will be on Friday’s US employment data. However, markets will be monitoring secondary indicators during the week to assess better labour market trends in the US, which is now expected to increase employment by 190K.

Markets are close to pricing the fact that the lowest point of decline is already behind, as the easing of monetary policy is gradually bearing fruit. This seen in the upward reversal of business activity indices in the previous months, first in the US, then in China (see graph) and Europe.

https://fxpro.news/daily-forex-outlook/markets-wait-for-the-data-to-take-an-next-step-20191202/

Bitcoin’s decline not sparked buyers interest yet

Bitcoin experienced significant price fluctuations during the weekend, jumped to $7,800 on November 30. However, by Monday morning the benchmark cryptocurrency had already turned down again and is traded at around $7,200 on reduced trading volumes.

At the moment, the price is out of investors’ focus as it may be too high for buyers and too low for sellers.

https://fxpro.news/analysis-and-insight/bit-comment-bitcoins-decline-not-sparked-buyers-interest-20191202/

#WaveAnalysis
#NZDCAD is expected to rise further toward the next resistance level 0,8700

https://fxpro.news/market-snapshots/nzdcad-wave-analysis-02-december-2019-20191202/

#WaveAnalysis
#WTI is expected to rise further toward the next resistance level 58,00

https://fxpro.news/market-snapshots/wti-wave-analysis-02-december-2019-20191202/