December 27, 2024 at 01:19PM
TGIF in what is a holiday-shortened week. There was no economic data out of Europe today. In the US there will be some modest data out at 8:30 AM ET with:
Good trade balance for November, Est. -100.6B vs -99.0B last month. With the Trump tariffs expected this may be influenced
Whole inventories advanced for November. Est 0.2% vs 0.2% last month. Retail inventories ex auto is also due . Last month the data showed a 0.1% gain
The USD is modestly lower/mixedvs the major currencies:
EUR -0.12%
JPY -0.15%
GBP -0.24%
CHF +0.18%
CAD -0.22%
AUD unchanged
NZD -0.25%
US stocks closed mixed yesterday
Dow rose 28.77 points or 0.07%
S&P fell -2.45 points or -0.04%
Nasdaq fell -10.77 points or -0.05%
In premarket trading today, the futures are implying a lower open:
Dow –153 points
S&P -21 points
Nasdaq -80 points
In the US debt market, the yields are resuming it’s move higher
2-year 4.328%, -0.04 bps
5-year 4.445%, up 1.2 bps
10-year 4.601% up 2.2 bps
30-year 4.796%, up 3.5 bps
In other markets:
Crude oil is trading up $0.59 or 0.83% at $70.21
Gold is down -$7.00 or -0.27% at $2625.50
Silver is doen -$0.27 or -0.95% at $29.51
Bitcoin is trading up $537 at $96240
This article was written by Greg Michalowski at www.forexlive.com.
