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The Euro is sluggish. Overview for 26.11.2019

26 november 2019 - Fx4News

The major currency pair stopped falling; right now, it is consolidating, but it’s not for long.

EURUSD stopped sliding down. The current quote for the instrument is 1.1013. 

Nothing interesting is happening in financial markets at the moment, so the major currency pair is barely moving as well. Yesterday, the American and Chinese officials talked on the phone and both said that it was necessary to continue negotiations. Nothing special, the same words that were said before on several occasions. In the meantime, investors may finally be tired of waiting endlessly for any progress and bears will take charge.

There was nothing important or interesting in the information flow, so market players prefer to save their strengths. 

The only thing that makes shake financial market right now is the macroeconomic calendar. In the evening, the USA is scheduled to report on the Trade Balance for October. Apart from this, the country will publish preliminary numbers on the Wholesale Inventories, which may recover after plunging in September, and the New Home Sales (both for October), which is expected to show 708K after being 701K in the previous month.

One more report that is worth paying attention to is the CB Consumer Confidence, which is expected to go from 125.9 points in October to 126.9 points in November. If it does, this will support the USD.

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