Today we started the London session with PMI datas from French, German and EURO for services and manufacturing, all came out as relatively positive, however, none of them are tier one data.
In NY session we had the long awaited Autumn Forecast statement from GBP and generally the market treated it as positive as we saw GBP surged higher against many currencies except USD.
Today was another USD strength day with core durable goods and unemployment claims all came out positive, plus the already positive sentiment of USD, it made DXY to reach new high again.
Crude oil inventories was also a draw, which helped the already strong oil market for now.
WTI finished the day with a small dojo while equity markets were mix with red and green.
Tomorrow is Thanksgiving holiday and Friday will be black friday, so expect thin liquidities.
- FOMC minute today was not really an event as market has already priced in for Dec hike, but generally there was no surprise tone in the minute.
- Commodities prices have jumped up again to help AUD & NZD
- GBP budget has more than expected stimulus to boost the economy and help GBP