Analytics on 23/11/2017

Yesterday stock indexes of America have not shown an uniform dynamics, and closed mixed. Dow Jones down 0.27% (23526.18), S&P 500 slipped 0.07% (2597.08), the Nasdaq grew 0.07% (6867.36). European markets also moved in different directions. The German DAX decreased by 1.16% (13015.04), British FTSE 100 rose by 0.10% (7419.02).

Today it is expected a few publications of the macroeconomic data and the speeches of the monetary authorities that could affect investors' decisions during the trading sessions.

At 00:45 MSK the Basic index of retail sales in New Zealand
At 10:00 MSK German GDP for the third quarter
At 11:30 MSK the Index of business activity in the manufacturing sector of Germany
At 11:35 MSK speech by a member of the ECB Pratt
At 12:00 MSK the Index of business activity in the Eurozone manufacturing sector
At 12:00 MSK Composite index of business activity in the Eurozone.
At 12:30 MSK Business investment in the UK
At 12:30 MSK UK GDP
At 15:30 MSK publication of the minutes of the meeting of the ECB's monetary policy
At 16:30 MSK the Basic index of retail sales Canada
At 19:30 MSK speech of the Chairman of the National Bank of Switzerland Jordan
At 21:15 MSK Speech by ECB member, Coeure

Unlike today, yesterday, in the Old World, there were a few significant events, and the indices continued to consolidate at current levels. In the Eurozone, yesterday published the consumer confidence index for November, which amounted to 0.1, which is much better than expectations of -0.8 points.

The dollar reached a two-month low against the yen fell after minutes from the latest Federal reserve meeting showed that some policymakers were concerned about continued low inflation. However, fed officials expect the interest rates should be raised in "the nearest future", reinforcing the market's confidence in the fact that the key rate will be raised in December.

In addition to the protocols of the fed, the dollar was under the pressure due to the value of new orders for major American-made goods unexpectedly fell in October. As a support to the US market there was provided the number of jobless claims, which fell more than expected to 239 thousand.

Today, on the occasion of Thanksgiving, there will be not trading in America and at the Friday session will be in cut mode. So yesterday there was no motivation to open new long positions and mostly profit fixing was observed on the reached local highs.

Oil rose in price during the day on the background the data from API, which showed a reduction of U.S. oil inventories. As confirmation there was released the official data from the energy Ministry, according to which crude oil inventories decreased by 1,855 million barrels, while the forecast of reduction was down to 1,545 million barrels. Also the market is hot due to "verbal interventions" that oil producing countries will support the extension of agreement OPEC+ to the end of 2018.