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technical analysis november

The U.S. dollar was seen closing on Friday with some modest gains. Economic data showed that Australian retail sales increased 0.4% beating estimates of a 0.3% increase and advancing from 0.3% in the month before.

 

Data from the UK covered the monthly GDP report which showed that the UK’s economy grew 0.2% in the three months to November. This was slightly better than estimates, but the pace of growth remained weak.

Manufacturing production fell 0.3% on the month while construction output increased 0.6%. However, industrial production fell 0.3% on the month. The British pound ignored the economic data amid Brexit headlines making news once again ahead of the Parliamentary vote this week.

The NY trading session saw the U.S. inflation falling 0.1% in December. This was the first decline in nine months. Core inflation rate advanced 0.2% as expected.

Looking ahead, the economic calendar today is quiet. Earlier in the day, China’s trade balance figures showed that the trad...


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