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19.11.2021 Market Report

EURO/USD

The EUR/USD currency pair is moving higher than yesterday levels. At the time of the writing the rate was fluctuating around 1.13060.

GBP/USD

GBP/USD holds the higher ground on a big beat on the UK Retail Sales, trading from Friday morning at 1.3500, up 0.09% on the day.

USD/JPY

On Friday, the USD/JPY is hovering around the 114.00 level. The currency pair has done slightly better as a result of higher 10-year US Treasury Yields, which are currently trading at 1.59 percent.

AUD/USD

The AUD/USD pair is still trading at the base of its channel at 0.7260, which has held on a closing basis so far.

NZD/USD

The AUD/USD pair is still trading at the base of its channel at 0.7260. 

USD/CAD

On Friday’s Asian session, the NZD/USD broke its two-week downtrend, hovering around 0.7040. The pair is trading higher, owing to rising expectations of a rate hike at the Reserve Bank of New Zealand’s upcoming monetary policy meeting (RBNZ).

USD/CHF 

During early Friday, the USD/CHF maintains its first daily gains in three days near the intraday high of 0.9270.

CRUDE OIL

According to CME Group flash data, on Thursday, open interest in crude oil futures markets extended the downtrend for a second session, this time by around 29.5K contracts,. In the same vein, volume reversed two consecutive daily builds and shrank by around 254.8K contracts.

GOLD

According to CME Group’s advanced data for gold futures markets, open interest increased by just 775 contracts on Thursday after two days of daily gains. Instead, volume increased by around 31.7K contracts, reversing two consecutive daily drops.

GOLD

According to CME Group’s advanced data for gold futures markets, open interest increased by just 775 contracts on Thursday after two days of daily gains. Instead, volume increased by around 31.7K contracts, reversing two consecutive daily drops.

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