Nov. 27: American session
Mixed economic data from the United States did not allow EUR/USD to continue recovery. Currency pair loses in the U.S. session around 35 points and is currently trading near the support 1.3570. The main reasons for the strengthening of the U.S. dollar became the unemployment data. U.S. Labor noted reduction of applications for unemployment benefits over the past week to 316 thousand was forecast growth of applications to 330 thousand Moreover, grew to reach 75.1 (forecast: 73.5 prev. 72.0) consumer sentiment index, counted the University of Michigan. At the same time, it should be noted that the number of orders for durable goods in the U.S. in October fell by 2.0 % compared with September, which, however, coincided with analysts' expectations. Currency pair GBP/USD is adjusted highs 1.6330, which was a result of the validation of the growth of GDP by 0.8% in the last quarter, and by 1.5% over the past year. Session low formed at 1.6274. Correction is possible to reach 1.6250.
Pair USD/CHF is growing in the U.S. session, setting a new extreme of the day just above 0.9080. Thus minimum were formed in the area 0.9039. Dollar/Yen (USD/JPY) seeks to new heights, storming figure 102.00. Session high fixed at 102.17. Further consolidation is possible at these levels.
The Aussie continues to fall against the U.S. dollar the sixth consecutive day. Rate AUD/USD dropped to the levels of early September. At least until the current session recorded at around 0.9067, but it is possible that the downtrend remains in force and continue. NZD / USD also followed the example of the Aussie, breaking down the consolidation level of 0.8175. Now auctions are held at session lows 0.8115. It formed a strong support level; following is only at the level of 0.8075.
USD/CAD has broken a two-day resistance 1.0560 and rushed to new highs. Bulls regained currency pair to 1.0600 figure. There are reports that Goldman Sachs traders went long on the currency pair. The main idea of longs is that lately the Bank of Canada, the focus of their reports pays low inflation. It is possible that lowering rates will follow, which is still to be not in favor of the national currency.
Tatiana Norkina, an analyst at FBS