[ad_1]
This Wednesday, November 28, 2018 will be the occasion of some important events for the EUR / USD in the economic calendar, mainly in the United States. Let's take stock of the main US statistics to expect today:
14h30: The most important statistic of the day will undoubtedly be the second estimate of US T3 GDP. A slight upward revision is expected at 3.6% against 3.5% announced in preliminary estimation.
16h: US new home sales are also on the agenda this Wednesday. The consensus anticipates a rebound of + 3.7%, after a sharp drop of -5.5% the previous month.
18h: Finally traders will also closely monitor a speech by Jerome Powell, the Fed chairman, from 18h.
EUR / USD Fundamental Analysis
The upward revision of the US GDP could support the Dollar, but the event at risk of day is the intervention of Powell, while the Fed will proceed next month to a 4th rate increase for this year. In Europ, no statistics are expected, but we will monitor any development regarding the Brexit, or the Italian budget.
Copyright (c) 2018 ProfessorForex.com. All rights reserved.
Source link
