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Trader, analyst and instructor with a 6-year experience

Nov. 19: MARKET OVERVIEW

USD: FOMC minutes at 19:00 GMT will be the highlight of the day. The overall tone of the document will likely be hawkish.

EUR/USD: trades slightly above 1.2500.

GBP/USD: once again tested 1.5600. The Bank of England will release its Nov. meeting minutes at 09:30 a.m. GMT. The last time 2 hawkish members voted to raise the benchmark interest rate. Traders will watch whether these MPC members have become less hawkish.

USD/JPY: rose above 117.30. At today’s meeting the Bank of Japan announced it retains plan for 80T yen annual rise in monetary base. The BOJ’s policy decision was made by 8-1 vote: one member of the central bank thought that the previous monetary policy steps were appropriate and that 2% inflation target should be a medium- to long-term goal.

AUD/USD: down to 0.8650 on renewed selling pressure.

 

 

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