Daily Alert: Thursday 24th November 2016

Mark NugentDaily Alert, Nov 2016


Forex Analysis for Thursday 24th November 2016
Economic Calendar

Markets saw little in the way of a reaction to the latest FOMC minutes release which saw the Fed suggest a rate hike is likely next month.

FX markets were quiet ahead of US Thanksgiving.

Market Reaction

The USD continues to grind upwards and the JPY downwards. The GBP has a good day due to fiscal spending announced in the Autumn Statement and a move away from austerity. US equities are mixed with the S&P500 and Dow30 flirting with new highs and the Nasdaq sliding slightly. The Euro50 is down, Japan225 rises on JPY weakness. WTI consolidates just above USD48/bbl.


Bond market is right to worry about Italian vote


US Thanksgiving; Tokyo Core CPI.

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