InstaForex - Analytics


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    Global macro overview for 26/11/2015

    Global macro overview for 26/11/2015:

    The US released several fundamental data yesterday. Unemployment Claims decreased to 260k, well off the estimate of 273k. There was really good news on Core Durable Goods, which rebounded with a strong gain of 0.5%, matching the market expectations. UoM Consumer Sentiment improved to 91.3 points, but the markets were overly optimistic, as the expectations were at 93.2 points. This consumer confidence indicator comes on the heels of CB Consumer Confidence, which dropped to 90.4 points, nowhere close to the estimate of 99.3 points. These weak consumer confidence readings could raise concerns as soft consumer confidence numbers could turn to weaker consumer spending, which is a main driver of the economic growth in the USA.

    The US Dollar Index is trading just below the important resistance at the level of 100.39, still well above 50,100 and 200 moving average. The support is seen at the level of 98.34.


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