The news background will be plentiful, so the new week assures to be fruitful for traders and will bring a lot of investment ideas. Today, there are information on inflation in the euro area, which typically have an impact on the euro due to the truth that they are one of the important specifications that shape the instructions of the ECB rate. It is expected that the annual rate in November will stay at 2%, which will be a signal for more tightening of the ECB’s plans. The single currency might rise in price in response to the publication of the release.However, now after the
correction, the euro/ dollar set is preparing to decline. On Friday, the sellers broke through two assistances, 1.1341 and 1.1318, while today at Asian trading, they moved an optimum of 1.1313. The course might be slowly going up, but analysts are still waiting on the downward motion of the set. On Tuesday, Germany will provide business environment index, and the US will release data on the variety of building permits provided. It is predicted that the circumstance in the construction sector enhanced last month; if this is validated, the dollar will not enable the euro to climb up far to the top. With strong data, dollar bulls will attempt to play their positions.Especially tense will be the
middle of the week, the expected block of information on inflation in the UK. This indicator is most likely to grow in yearly terms from 2.4 %to 2.5%. Accelerating inflation appears to be a favorable aspect that may add to a boost in the value of a pound. However, there is another side to the coin: the acceleration might be dictated by the weakening of the sterling due to Brexit. To put it simply, this does not use to production inflation. This suggests that the British currency threats to go down once again, especially given that the country’s Prime Minister Theresa May remains in her position and continues the process of leaving the EU. On the same day, Fed officials will reveal a choice on the rates of interest, which is most likely to be raised from 2.25%to 2.5 %. Market individuals will be most interested in the statements of the FOMC representatives, specifically their plans for the future. Traders wish to know about the rate of policy tightening in 2019. The choice on the rate at the last meeting this year does
not trigger disputes and is not a secret, the dollar can offer a response, having strengthened in pair with the euro to 1.1280. On Thursday, traders will continue to concentrate on the British pound
, as the Bank of England will reveal the rate choice. Here, modifications in monetary policy are not expected, the regulator made it clear that he does not plan to raise the rate before the spring of next year. No surprises are anticipated from the Reserve bank, therefore a retail indication might surprise the market, which is unlikely to affect the general dynamics of the pound.On Friday, the day of GDP.
Information on growth rates will be released by three powers at once, the U.S.A., Great Britain, and Canada.If the release of the latter is optimistic,
the Canadian dollar will get assistance in the short term. In the more far-off future, the US dollar/ Canadian dollar set will remain in the series of 1.33-1.35. As for the UK, the last evaluation of economic development can be adjusted. The product has been provided by InstaForex Business -www.instaforex.com