EURUSD runs into the 100 hour MA (and other targets) on the downside

20 Nov 2019
Swing levels, 38.2% and the 100 hour MA converging
The EURUSD is lower on the day but is running into a "cluster of support" defined by the (see yellow area):
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Canada October CPI +1.9% vs +1.9% y/y expected

20 Nov 2019
Canadian inflation data for October 2019:
- Median 2.2% vs 2.2% exp (prior 2.2%, revised to 2.1%)
- Common 1.9% vs 1.9% exp (prior 1.9%)
- Trim 2.1% vs 2.1% exp (prior 2.1%)
Bang in-line across the board.
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The JPY is the strongest and the CAD is the weakest as NA traders enter

20 Nov 2019
The USD is mostly higher
The JPY is the strongest of the major currency while the CAD is the weakest. BOC Wilkins was more dovish in her comments yesterday and that trend for a lower CAD, has continued in trading today.  
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Canada CPI, oil inventories and the FOMC minutes are on the agenda

20 Nov 2019
What's coming up in North American trade
The Bank of Canada is one of the most-intriguing central banks at the moment as we count down to the December 4 meeting. The OIS market is pricing in a 28% chance of a rate cut, rising to 50% in January.
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ECB's de Guindos: Side effects of monetary policy becoming more evident

20 Nov 2019
Comments by ECB vice president, Luis de Guindos
- QE program won't hit limit in the short-term
ForexLive
Again, he's out with a similar comment on the side effects of negative rates. As noted earlier, they have become more acknowledging of that matter though they maintain that they can cut rates further if need be.
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US futures pare some losses ahead of the open later

20 Nov 2019
S&P 500 futures are ~7 points off the lows now
ForexLive
E-minis have pared about half their losses as we look towards the start of US trading. The overall risk mood remains more defensive and sour but all it takes is just one right headline and markets can easily switch things around.
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US MBA mortgage applications w.e. 15 November -2.2% vs +9.6% prior

20 Nov 2019
Latest data from the Mortgage Bankers Association for the week ending 15 November 2019
- +9.6%
- Purchase index 270.4 vs 253.4 prior
- Market index 556.0 vs 568.4 prior
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ForexLive European FX news wrap: Havens thrive on US-China trade worries

20 Nov 2019
Forex news from the European morning session - 20 November 2019
Headlines:
Markets:
- JPY leads, CAD lags on the day
- European equities lower; E-minis down 0.4%
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Novak: Russia aims to reduce oil output to OPEC+ target in November

20 Nov 2019
It takes two hands to clap
report
ForexLive
Oil is keeping more steady on the day despite the more sour risk mood but the damage was already done yesterday as key levels are taken out:
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ECB's Makhlouf says seeing protracted weakness in the Eurozone

20 Nov 2019
Comments by ECB governing council member, Gabriel Makhlouf
- Macroeconomic outlook is 'mixed'
- Endorses call for review of monetary policy strategy
ForexLive
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