Forex Marketz Daily Forex News – Fully Markets Update
Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Friday, November 21.
Overnight, U.S. markets closed at record highs. This morning Asian markets are mixed and at one point the Nikkei was down over one percent. Not a nice way to end a week. Since then the Nikkei has recovered some of its losses and is currently, at the time of this report, still in the red.
This afternoon Mario Draghi is set to give a speech. Investors, economists and analysts will be tuning in to listen to what he has to say. The European Central Bank (ECB) is in an all out war to fight deflationary pressure with their currency, the euro, as well economic stagnation throughout the Eurozone. We will be listening to any signs of further monetary easing as well as more quantitative easing to spur the economy and support the ever weakening currency.
Also coming out today is inflation data out of the Bank of Canada. We are not expecting any surprises here but it should move the Canadian Dollar, known affectionately as the Loonie.
Have a great day trading and a wonderful weekend.