Here’s what you need to know to trade today Tuesday, November 14:
Financial markets remain relatively calm on Tuesday as participants stay on the sidelines awaiting data from the United States October Consumer Price Index (CPI). During the European session, Eurostat will publish the growth figures of the Gross Domestic Product (GDP) for the third quarter and the ZEW institute will announce the results of the economic sentiment survey for the Eurozone and Germany.
He US Dollar Index DXY, which measures the performance of the dollar against a basket of six major currencies, posted small losses on Monday and the yield on the benchmark 10-year US Treasury bond closed virtually unchanged, slightly above 4.6%. Early Tuesday, the DXY index is flat and the 10-year yield is fluctuating in a narrow range around 4.6%. Meanwhile, US stock index futures are trading mixed. Annual inflation in the United States, as measured by the change in the CPI, is expected to fall to 3.3% in October from 3.7% in September.
See: US CPI Preview: Headline inflation expected to slow, but core prices will remain high
See: Advancement of inflation in the US: The fall in oil prices will drive the recovery of stocks and the fall of the Dollar
Quote of the US dollar this week
The following table shows the percentage change of the United States Dollar (USD) against the main currencies this week.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.16% | -0.59% | 0.10% | -0.09% | 0.10% | 0.33% | -0.03% | |
| EUR | 0.16% | -0.43% | 0.25% | 0.07% | 0.25% | 0.49% | 0.13% | |
| GBP | 0.57% | 0.41% | 0.68% | 0.49% | 0.68% | 0.91% | 0.55% | |
| CAD | -0.10% | -0.25% | -0.68% | -0.18% | 0.00% | 0.24% | -0.12% | |
| AUD | 0.09% | -0.06% | -0.49% | 0.19% | 0.19% | 0.43% | 0.07% | |
| JPY | -0.11% | -0.27% | -0.70% | 0.00% | -0.20% | 0.23% | -0.13% | |
| NZD | -0.33% | -0.49% | -0.93% | -0.24% | -0.43% | -0.24% | -0.38% | |
| CHF | 0.04% | -0.12% | -0.54% | 0.14% | -0.05% | 0.13% | 0.38% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the euro in the left column and scroll down the horizontal line to the Japanese yen, the percentage change that appears in the box will represent EUR (base)/JPY (quote).
He EUR/USD has stabilized near 1.0700 early Tuesday, after posting small gains on Monday. The European economy is expected to grow at an annual rate of 0.1% in the third quarter.
The unemployment rate in the United Kingdom remained unchanged at 4.2% in the three months to September, the UK Office for National Statistics reported on Tuesday. Wage inflation, represented by the change in average earnings, including bonuses, fell to 7.9% annually from 8.2%. The British Pound did not immediately react to these figures and the GBP/USD it is now trading slightly below 1.2300.
After approaching 152.00 during the early hours of the American session on Monday, the USD/JPY it retreated sharply but managed to stabilize above 151.50. In the early hours of Tuesday, the pair struggles to make a decisive move in either direction.
After a bearish start to the week, the price of Gold gained traction and moved towards $1,950, erasing some of the previous Friday’s losses. With the 10-year US bond yield remaining stable, XAU/USD has entered a consolidation phase around $1,940.
The National Australia Bank Business Conditions Index improved slightly to 13 in October from 11 in September. The business confidence index fell to -2 from 1 in the same period. He AUD/USD came under slight downward pressure during the Asian session and is now down 0.2% on the day, settling at 0.6365.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
