FOREX, DAILY ANALYSIS

Technical Analysis & Market Review 12th November 2015
– American Session


General Market News

The U.S. share index futures slightly changed today ahead of unemployment claims and speeches by several Fed’s policymakers. The Federal Reserve might be positive to increase the rates by December if the country’s economic outlook is sufficient enough to support that decision. The Initial Unemployment claims of US for past week showed a 276k figure, same as previous session, largest than expected indicating weakness in the labor market. Mario Draghi in a speech he provided earlier in the day signaled that additional policy easing will be coming by next month, forcing the region’s currency and government bond yields to decline. The industrial production on Euro zone, for September, decreased more than forecasted compared to previous month, though it was higher than previous year on the same session, following the steep decline in consumer goods data...