Global Markets:
- Asian stock markets: Nikkei down 0.39 %, Shanghai Composite up 0.07 %, Hang Seng gained 0.03 %, ASX 200 lost 0.48 %
- Commodities: Gold at $1318.90 (-0.05 %), Silver at $17.03 (-0.03 %), WTI Oil at $63.52 (-0.08 %), Brent Oil at $69.12 (-0.12%)
- Rates: US 10-year yield at 2.53, UK 10-year yield at 1.28, German 10-year yield at 0.47
News & Data:
- (AUD) Retail Sales m/m 1.2 % vs 0.4 % expected
- (USD) Crude Oil Inventories m/m -4.9 M vs -3.9 M expected
- (USD) Import Prices nm/m 0.1 % vs 0.4 % expected
- (CAD) Building Permits m/m -7.7 % vs -0.7 % expected
- (GBP) Manufacturing Production m/m 0.4 % vs 0.3 % expected
- (GBP) Goods Trade Balance –12.2 B vs -10.9 B expected
- (GBP) Construction Output m/m 0.4 % vs 0.7 % expected
- Canada increasingly convinced Trump will pull out of NAFTA- RTRS
- We need balanced oil markets, but 'we're not there yet': UAE oil minister
- Cryptocurrencies Retreat Amid South Korea Clampdown Concerns
Markets Update:
Most Asia-pacific Markets declined on Thursday following a softer lead from Wall Street mainly due to concerns about rising U.S. protectionism. Bitcoin fell more than 10 percent after South Korea’s justice minister said a bill was being prepared to ban cryptocurrency trading. Bond markets saw steep losses spooked by the Bank of Japan’s routine announcement on Tuesday of a reduction in purchases of longer-tenor bonds, as well as reports that China is reducing its U.S. Treasuries purchases.
USDJPY was seen trading higher for the session around 111.75 as the Yen lost 0.3 percent against the US Dollar, Notably the Yen had rallied 1.1 percent against the USD on Wednesday as the dollar was on the back foot against the Japanese currency following news earlier this week that the Bank of Japan had slightly reduced its purchases of Japanese government bonds. The Nikkei 225 declined close to 0.40 percent, with major exporters, including automakers and technology names, trading lower.
EURUSD was mostly unchanged for the session as the Euro managed to hold above Tuesday’s low of $1.1916 and is currently seen trading above 1.1950 against the US Dollar. The dollar index, which tracks the dollar against a basket of currencies remained flat and is currently valued at 92.42. The yield on 10-year Treasuries fell to 2.53 percent, halting five days of gains.
AUDUSD had an active session early on Thursday as the Aussie dollar rallied over 0.4 percent against the US Dollar to current levels of above 0.7875 following a boost after data released earlier showing November retail sales rose more than expected. Australia’s 10-year yield climbed more than four basis points to 2.76 percent. The Kiwi Dollar is mostly unchanged for the session against the USD and is currently seen trading around 0.7200.
Upcoming Events:
- 09.00 GMT – (EUR) Italian Retail sales m/m
- 09.30 GMT – (GBP) BOE Credit Conditions Survey
- 10.00 GMT – (EUR) Industrial Production m/m
- 12.30 GMT – (EUR) ECB Monetary Policy Meeting Accounts
- 13.30 GMT – (CAD) NHPI m/m
- 13.30 GMT – (USD) PPI m/m
- 13.30 GMT – (USD) Core CPI m/m
- 13.30 GMT – (USD) Unemployment Claims
- 19.00 GMT – (USD) Federal Budget Balance
- &more…
