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Today the important news in the UK and is not planned. Therefore, the focus of traders will focus on news from the US. At 13:30 (GMT) on the US published data on retail sales for October. Forecast 0.3% versus 0.1% in September.
Yesterday took speech by Fed Janet Yellen and heads of regional federal banks, William Dudley, Charles Evans and Jeffrey Lacker. If Janet Yellen did not touch the topics of higher interest rates, other Fed officials have not clarified the final opinion about the possibility of coming interest rate increase in the US in December, repeating largely what was said earlier on this point. Today at 17:30 (GMT) serves as FOMC members Meister.
It is worth noting that the prices of precious metals and gold on the results of yesterday's session on COMEX declined. For quotations of December gold futures fell 0.4% to 1081 dollars per ounce, the lowest level since February 2010.
Palladium futures for December delivery fell 3.1%, the January futures for platinum - by 0.7%, to a new seven-year low.
The probability of a rate hike at the Fed meeting on 15 - 16 December was 70%, according to futures on interest rates.
Persistent concerns about the weakening global economy, falling oil prices and raw materials, weak data on inflation and GDP growth in the UK, which was in Q3 at 0.5% (below the forecast of 0.6%), confirming the slowdown UK economy will not be allowed, apparently, the Bank of England to start a cycle of interest rate increase in the UK earlier than the second half of 2016.
Since today is Friday and the last trading day of the week, you can profit in the long positions in the pair, adjusted by half to a strong decrease in the last week and raised nearly 200 points in the overall declining trend. The trigger can be any news from the US, departing or 13:30 (GMT), or at 15:00, when the consumer confidence index published by Reuters / Michigan in November. The index is from August 2011, in a growing trend with a peak in January 2015 near the value 98. Upon confirmation of the forecast (91.5 against 90 in October), the dollar strengthened on the market and in a pair GBP / USD.
See also review and trading recommendations for the pair XAG/USD!
