Daily Insights

November 21, 2023

The US Dollar is lower this morning against all its peers, erasing half of the July-October rally and preparing for its longest losing streak since 11 October. Market sentiment on the US Dollar has drastically shifted as major index data suggests further deterioration of the US economy, unless we see a solid batch of data that can challenge the Fed dovishness. The US Dollar Index is lower by 0.18% this morning.
It is a quiet week, especially in the US, with Thanksgiving coming up this Thursday. The greenback’s path is more dependent on the Euro-area and UK PMIs than the FOMC minutes, which many investors consider no longer appropriate.

The Bank of England governor Andrew Bailey advised last night that the BOE may have to lift interest rates again if inflation proves to be resilient. This remark comes in line with the BOE guidance for November and just shows that the central bank is still ready to act, if needed. Sterling advanced against the US Dollar overnight, crossing 1.25 and trading as high as 1.2540. Next Resistance is found at 1.2668 (May’s Pivot).

Not much data until Thursday in the Euro-area but the Euro has been trading well, slowly advancing, and currently trading at 1.0953, with the next resistance at 1.10 (psychological level), although this level may only be tested near or on the PMI data release.

Economic Calendar

21 Nov 2023

AUD - Monetary Policy Meeting Minutes

NZD - Credit Card Spending y/y

CHF - Trade Balance

GBP - Public Sector Net Borrowing

GBP - Monetary Policy Report Hearings

CAD - CPI m/m

CAD - Median CPI y/y

CAD - Trimmed CPI y/y

CAD - Common CPI y/y

CAD - Core CPI m/m

CAD - NHPI m/m

USD - Existing Home Sales

NZD - GDT Price Index

EUR - ECB President Lagarde Speaks

USD - FOMC Meeting Minutes

USD - Treasury Sec Yellen Speaks

AUD - MI Leading Index m/m

Market Indicators

Currency Pairs

Pair	High	Low
eur/gbp	0.87518	0.87396
gbp/usd	1.25398	1.25044
gbp/aud	1.90861	1.90329
gbp/nzd	2.07167	2.06368
usd/jpy	148.417	147.244
eur/usd	1.0965	1.0942
gbp/jpy	185.638	184.581
eur/cnh	7.84402	7.8132
usd/cnh	7.16772	7.12754

Equities and Commodities

Nasdaq 100	16045.8
DOW	35156.1
S&P 500	4550.71
BRENT CRUDE	81.81
WTI	77.19
GOLD	1991.58

This document is for information purposes only and does not constitute any recommendation or solicitation to any person to enter into any transaction or adopt any trading strategy, nor does it constitute any prediction of likely future movements in exchange rates or prices or any representation that any such future movements will not exceed those shown on any illustration. All exchange rates and figures appearing are for illustrative purposes only. You are advised to make your own independent judgment with respect to any matter contained herein.

Name	Provider	Purpose	Expiration
.ASPXAUTH	fxpert.gpsfx.com	Stores session information for the current login.	Session
FXpertAuthKey-Prod	gpsfx.com	Authorization key for the current session.	Session
ASP.NET_SessionId	fxpert.gpsfx.com	Stores session ID for the login session.	Session
WelcomeTour	betafxpert.gpsfx.com	Tells us whether to show the new functionality tour for the upgraded website functionality.	13 months
Computer Verification	fxpert.gpsfx.com	Stores whether we need to do our hardware verification for extra security	42 days
ARRAffinitySameSite	betafxpert.gpsfx.com	Keeps the user on the same web server to improve performance.	Session
ARRAffinity	betafxpert.gpsfx.com	A second cookie to assist with the same server functionality above.	Session

Name	Provider	Purpose	Expiration
_ga	Google	Google Analytics, used to distinguish users	2 years
_ga _	Google	Used to persist session state.	2 years
__hssrc	Hubspot	Hubspot Analytics • Whenever HubSpot changes the session cookie, this cookie is also set to determine if the visitor has restarted their browser. • If this cookie does not exist when HubSpot manages cookies, it is considered a new session. • It expires at the end of the session.	Session
__hssc	Hubspot	Hubspot Analytics __hssc • This cookie keeps track of sessions. • This is used to determine if HubSpot should increment the session number and timestamps in the __hstc cookie. • It contains the domain, viewCount (increments each pageView in a session), and session start timestamp. • It expires in 30 minutes.	30 minutes
__hstc	Hubspot	Hubspot Analytics __hstc • The main cookie for tracking visitors. • It contains the domain, hubspotutk, initial timestamp (first visit), last timestamp (last visit), current timestamp (this visit), and session number (increments for each subsequent session).	6 months
hubspotutk	Hubspot	Hubspot Analytics • This cookie keeps track of a visitor's identity.	6 months
__hs_cookie_cat_pref	Hubspot	Used to record the categories a visitor consented to.	6 months
__hs_opt_in	Hubspot	Used by the opt-in privacy policy to remember not to ask the visitor to accept cookies again. • It expires in seven days.	7 days
__hs_opt_out	Hubspot	Opt out of Hubspot Tracking • This cookie is set when you give visitors the choice to opt out of cookies.	6 months

Marketwatch EU & UK

Daily Insights

November 21, 2023

Economic Calendar

Market Indicators

GPS Global Wallet Podcast

Connect with us

Marketwatch EU & UK

Daily Insights November 21, 2023

Economic Calendar

Market Indicators

Other Market News

North America News

APAC News

GPS Global Wallet Podcast

Connect with us

Daily Insights

November 21, 2023