Summary of Important News for Tuesday, November 30, 2021

ZFX – here’s a quick lowdown on the market news today:

1. Later today at 8:30 p.m. Canada will announce the GDP figures for September. It is forecasted at 0.1%, so investors are advised to be cautious or avoid trading the CAD currency pairs during this period as it may cause short-term price volatility.
2.  Later today at 10 p.m., Fed Chairman Jerome Powell will deliver a statement and answer questions before the Senate Banking Committee. Therefore, investors are advised to be cautious or avoid trading the USD currency pairs after 10pm. Because there may be short-term price volatility during the response period.
3. Moderna says it will be able to produce a vaccine against the Omicron virus variant by early 2022. This has caused the share price, so far, to have jumped about 30% since Friday continued until Monday yesterday. And this news also calmed investors’ concerns, causing stock market indices around the world to rebound to positive territory yesterday.

—

Risk Warning: The above content is for reference only, and does not represent ZFX’s position. ZFX does not assume any form of loss caused by any trading operations carried out in accordance with this article. Please be firm in your thinking and do the corresponding risk control.

ZFX (Zeal Capital Market) is an FCA & FSA licensed online Forex & CFD broker providing more than 100 products for Forex, commodities, stock indices, and share CFDs. Open a trading account with min. USD 50 deposit and download our MT4 trading platform now!