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Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

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U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. existing home sales rise above expectations in October

Germany's unemployment exceeds expectations in September

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EUR/USD may climb above 1.07 marks

Thursday, November 19, 2015 9:15 AM UTC

The FOMC members agree on gradual normalisation of monetary policy. This indicates slow rise of bank rate need to be communicated clearly. Hence, the first rate cut is likely to take place in December.

The majority of FOMC members are seemed to be interested on rate rate hike "at the next meeting". The Fed's rate hike decision may make the USD speculators worried, but nothing new for the FX market. Whereas, the short squeeze EUR/USD is expected to climb above the 1.07 mark, foresees Commerzbank.

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EUR/USD may climb above 1.07 marks

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