Global Markets:
- Asian stock markets: Nikkei gained 0.19 %, Shanghai Composite down 0.06 %, Hang Seng rose 0.11 %, ASX 200 fell 0.06 %
- Commodities: Gold at $1340.68 (+0.13 %), Silver at $17.94 (+0.21 %), WTI Oil at $49.05 (-0.22 %), Brent Oil at $54.03 (-0.31%)
- Rates: US 10-year yield at 2.09, UK 10-year yield at 1.01, German 10-year yield at 0.35
News & Data:
- (AUD) Retail Sales m/m 0.0 % vs 0.2 % expected
- (AUD) Trade Balance 0.46 B vs 0.93 B expected
- (CAD) Trade Balance -3.0 B vs -3.2 B expected
- (CAD) Labor Productivity q/q -0.1 % vs 0.9 % expected
- (USD) Trade Balance -43.7 B vs -44.6 B expected
- (CAD) Overnight Rate 1.00 % vs 0.75 % expected
- (USD) ISM Non-Manufacturing PMI 55.3 vs 55.8 expected
- US seeks oil embargo on North Korea, according to a draft UN resolution- AFP
- Oil steady as U.S. refining demand rises but ample crude supplies weigh- RTRS
Markets Update:
Asian equity markets bounced back on Thursday, tracking overnight gains on the wall street. The US Markets gained as investors weighed a deal that ensures the funding of its government through mid-December against persistent geopolitical tensions.
USDJPY is currently seen trading around 109.030. Following a fall of around 0.4 percent against the US Dollar yesterday, the Japanese yen was slightly higher early on Thursday as the pair dropped under 108.90 very briefly before bouncing back to around 109.20.
AUDUSD dropped a few points, back under the round number 0.8 and is currently seen trading around 0.7990. Both the Australian Data came in negative with the Trade Balance dropping to 0.46 Billion from 0.89 Billion and the change in total value of Retail sales falling to 0.0% against the expected 0.2%
EURUSD stood almost flat currently seen trading at 1.1927 as the global investors remained on the side-lines ahead of the ECB’s policy meeting. The Euro added a mere 0.1 percent against the US Dollar. The dollar index, which tracks the dollar against a basket of currencies, lost a little over 0.1% and is currently valued at 92.17.
Upcoming Events:
- 07:30 GMT – (GBP) Halifax HPI m/m
- 11:45 GMT – (EUR) Minimum Bid Rate
- 12:30 GMT – (CAD) Building Permits m/m
- 12:30 GMT – (EUR) ECB Press Conference
- 12:30 GMT – (USD) Unemployment Claims
- 14:00 GMT – (CAD) Ivey PMI
- 15:00 GMT – (USD) Crude Oil Inventories
- 23:00 GMT – (USD) FOMC Member Dudley Speaks
- 23:50 GMT – (JPY) Final GDP q/q
