Today traders will focus on President Xi Jinping’s speech, Facebook shares sell-off, and Rudi Giuliani’s testimony.
News
Donald Trump’s lawyer will testify in the impeachment case against Trump. Affects USD
Mark Zuckerberg has been selling off Facebook shares for the whole October. Affects Facebook
China’s PMI has decreased. Affects Brent
Bank of Japan Governor said a mix of monetary easing and flexible fiscal spending would lead to the country’s development. Affects JPY
The European Union Aviation Safety Agency says Boeing 737 Max might return to service during 1Q 2020. Affects Boeing
Calendar
15:30 GMT
US releases its non-manufacturing PMI. A reading above the expected value of 53.5 will have positive a impact on USD.
21:45 GMT
New Zealand releases a report on employment change in 3Q 2019. A decrease will weaken the NZD.
Technical analysis
The impeachment inquiry negatively affects the USD. However, the hope for progress in relations with China, as well as strong data on quarterly GDP are taking over.
The asset is testing the previously broken resistance level of 97.15. The movement up is quite likely to resume.
AUD/USD
On 1D TF, the MACD signals of a bearish divergence, which is a negative signal.
USD/RUB
The Russian Ruble is actively strengthening against the backdrop of rising oil price. However, its growth prospect is technically limited to 62.60.
AUD/USD on this day in history
- Since 2000, November 5 has been a trading day 15 times.
- On 57% of those days, the asset ended with growth.
- The maximum reinforcement range was 0.81%.
- The trend down was limited to 2.11%.