Here is what you need to know on Monday, November 13: Financial markets started the new week in a calm manner, with investors refraining from taking large positions ahead of Tuesday's key macroeconomic data releases.
Here is what you need to know on Monday, November 13: Financial markets started the new week in a calm manner, with investors refraining from taking large positions ahead of Tuesday's key macroeconomic data releases. After closing the previous week in positive territory, the US Dollar Index holds steady slightly below 106.00 on Monday and major currency pairs fluctuate in familiar ranges.
The UK's Office for National Statistics will release the jobs report in the early European morning on Tuesday. Later in the session, third-quarter Gross Domestic Product growth data from the Euro area and October Consumer Price Index data from the US will be watched closely by market participants. Following Friday's indecisive action, EUR/USD registered small losses in the previous week. Early Monday, the pair moves up and down in a narrow band at around 1.0700.
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