Please wait while we get your page ...

African and International Market Report 25 November 2019
African and International Market Report 25 November 2019
Posted

By - Jamel Lahiani

Posted - 25-11-2019

Last week, the Dow Jones realized important gains for the second week successively and closes positively on Friday with 1.17%. In fact, some signs of progress in US-China trade relations excited the investors and the market. The recently positive comments on the potential for a trade deal between the world’s two biggest economies USA and Japan and the upbeat of the domestic economic data of the US helped to ease investor worries and appreciate the US dollar against other currencies, especially the Euro and GBP. On the other side, the Bitcoin price was subject of strong decline face to the US dollar because worries and psychological factor, that leading investors to prefer currencies and stock markets.

Concerning the African money market, The Nigerian (NAIRA) was appreciated against the US dollar by 0.28% with the stability of (South Africa) ZAR with tight variation.

The last week main markets prices and variations

Market in Focus: 25 November – 30 November 2019
We have a list of high impact events this week. The publication of the events can lead to a strong movement or a trend for the related currencies. The discussion of the events impacts will be done within the daily FOREX report.

The very high impact publications that have a very significant theatricals impact are:

The US Goods Trade Balance that measures the difference in value between imported and exported goods during a certain month. “Tuesday”

The EU HICP is an index of consumer prices calculated on the basis of a harmonized statistical methodology across all EU member states. “Friday”

The Canadian Gross Domestic Product measures the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health.

 

0
Would love your thoughts, please comment.x
()
x