The British Pound drove higher after UK`s Manufacturing Production Data release

The British Pound drove higher after UK`s Manufacturing Production Data release

By: Simon Furman | Where To Trade | On:Tuesday, November 15, 2016
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Where to Trade - Chinese trade balance decreased further than expected, after China reported a USD 49.06 billion trade surplus in October of 2016, figure that shows that in the month of October, sales declined by 7.3 percent, compared with the same period in 2015.

UK's Manufacturing Production Data drove the Pound higher against pairs. USD/GBP's previous close was at 1.2496.

New Zealand's Kiwi heads higher amid weak global conditions. The USD/NZD pair had a previous close was at 0.7117. 

The S&P 500 should find support thanks to the Trump's exports trade anouncement.

US Retail Sales will be disclosed at 14:30 GMT, and the data are expected to have a minimal impact on the USD/CHF pair. The pair closed at 0.9977 in the previous session. 

In Europe, the EUR/USD pair is expected to remain unchanged during the US Core Retail figures, which will be released at 14:30 GMT. The Euro Dollar pair had  previously closed at 1.0737.

The Aussie/Dollar pair (AUD/USD) is expected to be very volatile during  the RBA (Reserve Bank of Australia) Governor Philip Lowe' speech.

Video Summary:

  • China: Chinese trade balance decreased further than expected
  • Europe: EUR/USD pair is expected to remain unchanged during the US Core Retail Sales figures
  • Australia: RBA Governor Philip Lowe' speech is expected to have an impact on the AUD/USD pair
  • New Zealand: Kiwi heads higher amid weak global conditions 

 

 

Simon Furman

Simon Furman

Think Global - Act Local

Simon Furman is one of the best financial analyst with 27 years of trading experience

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