Wednesday gives you the opportunity to make money!
Dear traders,
Today, it is worth to concentrate on several key events across the states, in particular:
- The volume of orders for durable goods in the US. 15:30 (Kiev).
According to the consensus forecast, it is expected that the volume of orders for durable goods in the US in October will increase by 0.3% after an increase of 2.0% in September.
It is assumed that the volume of basic orders for durable goods in the US will increase by 0.5% after an increase of 0.7% in September.
On Thursday, the markets in the US will be closed due to the Thanksgiving Day, and on Friday the auctions will be held only in the morning.
- Crude oil reserves. 17:30 (Kiev).
The crude oil reserves by the Information Energy Agency (EIA) determine the weekly increase in commercial oil barrels available to US firms. The level of inventories affects the price of petroleum products, which in turn affect inflation and other economic forces.
- Minutes of the meeting of the Federal Open Market Committee. 21:00 (Kiev).
The Fed will publish the minutes of the last meeting of the Committee. At its meeting on November 1, the US central bank left the interest rate unchanged and signaled that it was still planning to raise the interest rate in December. Officials of the Federal Reserve pointed to stable economic growth and a good situation in the labor market.
The last meeting of the Fed this year will be held on December 12-13. Traders consider the probability of an interest rate increase as a result of a FOMC meeting in December at 100%. At the moment, the Fed predicts three interest rate increases in 2018, but analysts believe that there will be no more than two.
On the political front, investors will be attracted by the development of the situation regarding the fate of the tax reform proposed by the Trump administration. Last Thursday, the US House of Representatives adopted its version of the draft law on tax reform, and next week the US Senate will vote for its option. Then it will be possible to begin to resolve the disagreements in the two bills.
This week also will be sales of goods, known as Black Friday. Black Friday is the traditional beginning of the holiday season, but, according to analysts, it loses its former importance, as most sales are shifting to the Internet trade.
We wish you good profits, Gentlemen!
We remind you that you can always get acquainted with upcoming news in the Economic Calendar, as well as in the daily market review on our official YouTube channel.
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