Headlines the Economic Calendar on Thursday
1.Turkey Interest Rate Decision
The Turkish lira rose versus the US Dollar since last week. The recent rally in the lira came after important changes in both the CBRT and the Finance ministry and was later supported by market-friendly comments by President Erdogan. The market expects the Central Bank of Turkey to deliver between a 200 and 500 bp strong rate hike. The Turkish lira reaction will depend on whether the CBT over-delivers versus market expectations.
2. US Philadelphia Fed Manufacturing Index
U.S Philadelphia Fed Manufacturing Index for November will be closely followed by traders. The data measures the relative level of general business conditions in Philadelphia. It is expected to an outcome of 22.0
3. US Unemployment Claims
U.S Initial jobless claims are expected to be 707K, which points to ease from the previous week 709K. A higher than expected reading should be taken as negative for the greenback.
4. US Existing-Home Sales
Existing Home Sales measure monthly sales of previously owned single-family homes and is expected to decline by -1.2 % m/m in October. If the data post a weak performance as indicated by the consensus estimate, it would be negative for the US Dollar.
19 Nov 20 (Thu)
Important : One Billion Signals will not be liable for any losses sustained while using the services provided on the One Billion Signals application. This application is not a solicitation to trade forex signals, nor is the representation is being made that any account will, or is likely to, achieve profits or losses similar to those discussed on the application. The past performance of any trading system or methodology is not necessarily indicative of future results.
© 2020 One Billion Signals All Rights Reserved