Wednesday, November 23, 2016

Thanksgiving Calm?





Thanksgiving Calm?
by Saktiandi Supaat


FX Research





Overnight, Europe and US equities closed in positive territories; Dow and S&P500 made fresh new highs. Copper rally hit 16-month high while oil price rally stalled. Elsewhere bond and FX markets were quieter ahead of Thanksgiving holidays (in JP today and US tomorrow). USD index, USDSGD, USDJPY continued to hover near recent higher of 101, 1.4240, 111 levels, respectively. Day ahead brings a handful of US data including flash PMI, FOMC Minutes and durable goods orders which could keep the US ...

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