November 2017

 

Fundamental Analysis

November was marked by an appreciation of the EUR/USD pair.

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Technical Analysis

In November, EUR/USD started at 1.1631 and has registered a bullish movement.

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Fed Chair Nomination

On November 2nd Donald Trump made an important, if yet predictable, decision. He has nominated Jerome Powell to be the next Chair of the Federal Reserve. If his nomination is confirmed, Jerome Powell will be the sixteenth Chair of the Fed, following the incumbent Janet Yellen. Although the nomination was expected, and will probably be passed without major hiccups by the senate, the President of the US broke a precedent that goes back many years by not keeping Yellen for a second mandate. Source: The NY Times

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