A while back, we published an analysis on EURHUF in which we were presenting a possible bearish scenario on the Hungarian Forint, a scenario that since that moment has been confirmed.
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DJIA 19156.71 -35.22 -0.18%, NASDAQ 5252.33 1.22 0.02%, S&P 500 2189.98 -1.10 -0.05%
European stocks closed: FTSE 6730.72 -22.21 -0.33%, DAX 10513.35 -20.70 -0.20%, CAC 4528.82 -31.79 -0.70%
U.S. Stocks open: Dow -0.11%, Nasdaq -0.08%, S&P 0.00%
Australian dollar in the early session rose slightly on more positive than expected data on retail sales in Australia. As reported today by the Australian Bureau of Statistics, retail sales rose 0.5% in October, lower than the previous value of 0.6%, but higher than analysts' forecast of 0.3%. Previously, many analysts have expressed concerns about the growth of Australia's GDP in the third quarter, which will be published on December 7.28 November 2016 07:30Asian session review: USD sold at the start of the week
Among the events of the weekend, Saudi Arabia has refused to take part in the scheduled meeting of OPEC+, including Russia. Yesterday, the energy Minister Khalid al-Falih said that the oil market will balance by a natural way in 2017, even if the producers did not intervene, and therefore to maintain the current level of production can be justified. This statement has increased doubts about the achievement of productive arrangements to cut oil production at the OPEC meeting on Wednesday.
|22:30||AIG Services Index||50.5|
|00:30||MI Inflation Gauge, m/m||0.2%|
|00:30||Company Gross Profits QoQ||6.9%||3%|
|00:30||ANZ Job Advertisements (MoM)||1.0%|
|01:45||Markit/Caixin Services PMI||52.4|
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