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Asia Morning Nov 27

The USD Index Holds 92.00 Level...

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Asia Morning: Gold Halts Sliding on Thanksgiving Holiday
On Thursday, U.S. financial markets were closed for the Thanksgiving holiday.

European stocks still lacked momentum. The Stoxx Europe 600 declined 0.12%, Germany's DAX was little changed, France's CAC 40 dipped 0.08% and the U.K.'s FTSE 100 dropped 0.44%.

Spot gold rebounded $8 (+0.46%) to $1,815 an ounce.

U.S. WTI crude futures (January) declined $0.72 (-1.58%) to $44.99 a barrel.

The forex market saw thin trading volumes during the Thanksgiving holiday. The ICE Dollar Index kept the key 92.00 level. 

EUR/USD edged lower to 1.1913 from 1.1917 Wednesday. Germany's GfK Consumer Confidence Index slid to -6.7 for December (-4.9 expected). France's official Consumer Confidence Indicator declined to 90 in November (92 expected).

GBP/USD eased 0.13% to 1.3357 ending a four-session rally.

USD/JPY declined 0.19% to 104.26, 

USD/CHF was down for a third day losing 0.18% to 0.9066.

AUD/USD held up at 0.7360.

USD/CAD added 0.08% to 1.3017.

On Thursday, U.S. financial markets were closed for the Thanksgiving holiday.

European stocks still lacked momentum. The Stoxx Europe 600 declined 0.12%, Germany's DAX was little changed, France's CAC 40 dipped 0.08% and the U.K.'s FTSE 100 dropped 0.44%.

Spot gold rebounded $8 (+0.46%) to $1,815 an ounce.

U.S. WTI crude futures (January) declined $0.72 (-1.58%) to $44.99 a barrel.

The forex market saw thin trading volumes during the Thanksgiving holiday. The ICE Dollar Index kept the key 92.00 level. 

EUR/USD edged lower to 1.1913 from 1.1917 Wednesday. Germany's GfK Consumer Confidence Index slid to -6.7 for December (-4.9 expected). France's official Consumer Confidence Indicator declined to 90 in November (92 expected).

GBP/USD eased 0.13% to 1.3357 ending a four-session rally.

USD/JPY declined 0.19% to 104.26, 

USD/CHF was down for a third day losing 0.18% to 0.9066.

AUD/USD held up at 0.7360.

USD/CAD added 0.08% to 1.3017.

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US and global equity markets have extended Wednesday’s sell-off, with Wall Street opening lower after a weak handover from Asia and Europe. The deterioration in risk appetite has been spreading across global markets. The dollar was firmer, Treasury yields were holding onto yesterday’s gains, while gold, silver and bitcoin were all under pressure alongside equities and major currencies.

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