dollar outlook for this week

1.1365 temporarily cushioned the drop in EUR/USD on its forex trading companies in sandton way down. Flash PMIs : Friday morning: 8:15 for France, 8:30 for Germany, and 9:00 for the whole euro-zone. 1.3050 was a low point in early November and replaces previous lines. The final release is projected to confirm that the German economy squeezed in Q3: an outright contraction that was reported now. The recent comments could limit the falls, but the trend remains to the downside. An increase.3 is on the cards.

Headline Consumer Price Index (CPI) fell.4 in September. Sales dropped.1 in August, following a significant rise.1 in July. If the economic outlook doesn't turn out to be as rosy as the White House is promising, the very high Trump-era federal budget deficits will be even higher. Many of the same members who voted for the tax cut and spending increase that spiked the deficit to the high levels CBO will be projecting will shamelessly use this report to justify their vote for this amendment.

1.3115 held USD/CAD down on its way up in late October. German PPI : Tuesday, 7:00. ECB Meeting Minutes : Thursday, 12:30. The inflation and retail sales reports stand out in a double-feature Friday. BOC Financial System Review : Thursday, 13:30. The data for October will likely be more moderate. Any move from -0.2 will be of interest. Late in the week, the US Dollar lost ground on dovish comments from several Fed officials. EUR/USD daily chart with support and resistance lines. Back then, President Mario Draghi remained confident best forex indicator for 1 minute chart about the inflation situation and about growth. In addition, the German economy contracted in Q3, a worrying sign, even if this was expected. That means the CBO forecast will assume that future revenues will be higher and the deficit lower compared to what is likely to occur.

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