What to trade in November 2017

Hello once again! We would like to welcome you to our new segment where we will explore the most interesting trading opportunities on the market in slightly more detail in order provide you with sound investment advice. Therefore, if you want to see what to trade in November of this year, you’ve come to the right place. It looks like this is a particularly interesting period for two currencies and a commodity, so you would do well to keep an eye on them. We have a lot of valuable information on each of these assets, so sit back and read on. It could very well significantly improve your account balance. Here’s what you need to look out for!

What to trade in November | Currencies

Our first answer to the question “What to trade in November?” is – USD and CAD. The US economy and the country’s currency seem to be completely resilient to the turmoil that is surrounding President Donald Trump. Everything is pointing to a steady positive trend, even as we expect Trump to name his choice for the new head of Federal Reserve, so you should definitely consider this as a reasonably safe bet. The CAD, on the other hand, is heading in the opposite direction. Most analysts agree that this currency will not be able to withstand the pressure and will continue to drop. This is supported by some poor retail numbers, so this too seems like a fairly certain outcome. But don’t go away just yet because there is one more thing we need to point out.

What to trade in November | Oil

Yes, oil. If you want to know what to trade in November, this commodity is certainly one of the best answers. Oil prices are going up for various reasons, UK Brent reached the highest price in over two years and there are hints from Saudi Arabia that this country is going to tone down its production. The situation in Iraq, where the government forces clashed with Kurdish forces over some oil fields, also did not help the matters. Trump will also have a role to play here because of the US sanctions again Iran. In any case, we expect the price of oil to be pretty unstable, but in the long run the price should go up. Of course, we strongly recommend keeping track of our daily news for regular updates about the situation on the market.

What to trade in November | Conclusion

As you can see, you don’t have to worry about what to trade in November. There are plenty of opportunities on the market, and in this article we have emphasized the most important ones. Of course, gathering new information is a vital part of trading, so please keep track of all major developments in the world, both geopolitical and economic. In the long run, however, the three assets we discuss here seem like a pretty good investment. We will have some more tips for you next month and we have daily analyses for you on our website, so if you want to stay in touch with the market just follow our articles. Good luck!

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Author: Max Rothstein

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