Global Markets:
- Asian stock markets: Nikkei was Closed for Holiday, Shanghai Composite fell 2.14 %, Hang Seng down 0.23 %, ASX 200 lost 0.02 %
- Commodities: Gold at $1290.06 (-0.13 %), Silver at $17.08 (-0.12 %), WTI Oil at $57.94 (-0.17 %), Brent Oil at $63.23 (-0.14 %)
- Rates: US 10-year yield at 2.32, UK 10-year yield at 1.28 German 10-year yield at 0.34
News & Data:
- (NZD) Retail Sales q/q 0.2 % vs 0.4 % expected
- (USD) Crude Oil Inventories -1.9 M vs -1.4 M expected
- (USD) Core Durable Goods Orders m/m 0.4 % vs 0.4 % expected
- (USD) Unemployment Claims 239 K vs 241 K expected
- (USD) Durable Goods Orders m/m -1.2 % vs 0.4 % expected
- Oil prices dip after U.S. crude hits near two-year high on pipeline shutdown
- Fed policymakers say rate increase likely warranted soon: minutes- RTRS
Markets Update:
Asia pacific equity markets were mostly flat early on Thursday following a quiet overnight session on wall street. Moves in Asian share markets were mostly minor with Japanese markets closed for a holiday and the United States off for Thanksgiving. Chinese stocks fell early Thursday on concerns about new regulations.
EURUSD is currently seen trading above 1.1830 as the EUR gained over 0.1 percent against the US Dollar. The euro held on to gains as efforts continued to end Germany’s political impasse. The dollar index, which tracks the dollar against a basket of currencies was flat and is currently valued at 93.23. The yield on 10-year Treasuries fell four basis points to 2.32 percent.
USDJPY fell to lows of 111.06 earlier in the session near its lowest since Sept. 20 before retracing to current levels of 111.24. The overnight move was the largest single-day fall for the dollar against the yen since May. Overall the Pair remains net unchanged. was seen trading within a short range. The Japanese markets were closed for Holiday.
AUDUSD had a very small range early in Asian session today. Currently the Australian dollar is valued at 0.7620 against the US Dollar. Australia’s 10-year yield lost about two basis points to 2.51 percent. New Zealand dollar popped a few points higher following the retail sales report, currently the kiwi is seen trading at 0.6883 against the US Dollar,
Upcoming Events:
- All Day – (JPY) Bank Holiday
- All Day – (USD) Bank Holiday
- 08:00 GMT – (EUR) French Flash Services PMI
- 08:30 GMT – (EUR) German Flash Services PMI
- 09:00 GMT – (EUR) Flash Services PMI
- 09:30 GMT – (GBP) Second Estimate GDP q/q
- 13:30 GMT – (USD) Core Retail Sales m/m
- 16:30 GMT – (CHF) SNB Chairman Jordan Speaks
- 21:45 GMT – (NZD) Trade Balance
- & More…
