Asian markets were trading higher today.
The ASX was higher with 0.19 %, Japanese Nikkei was higher with 0.36%. Korean Kospi was up with 1.63%. Shanghai composite was only lower by -0.60%, а Hang Seng with 0.63% higher.
American markets closed with minimal upside, as the Nasdaq made a new high. During the Asian session the price of Oil remained largely unchanged at a level of $50,80 per barrel.
Calendar for the European and US sessions
11:30 - UK - Construction Output (MoM) (Nov)
11:30 - UK - Industrial Production (MoM) (Nov)
11:30 - UK - Manufacturing Production (MoM) (Nov)
11:30 - UK - Trade Balance (Nov)
11:30 - UK - Trade Balance Non-EU (Nov)
14:00 - USA - MBA 30-Year Mortgage Rate
14:00 - USA - MBA Mortgage Applications (WoW)
14:00 - USA - Mortgage Market Index
14:00 - USA - Mortgage Refinance Index
15:15 - CAD - Housing Starts (Dec)
17:00 - UK - NIESR GDP Estimate
17:30 - USA - Crude Oil Inventories
17:30 - USA - Gasoline Inventories and production
20:00 - USA - U.S. President-Elect Trump Speaks
USD - The currency remains long and the correction now can give us better levels for longs. The market is continue to trade future expectations. We are long USD/CHF and USD/CAD.
CAD - The fall of the price of Oil in the past several days with around 6%, is negative for the currency. If the its price continue to fall then this will be negative for the CAD at all fronts. The Central Bank of Canada is on hold but planning QE.
GBP - The pound is weak and continue to fall. Its the weakes currency in the market, this is due to the uncertainty surrounding the economic situation of the country, the negotiations around Hard Exit and Trade negotiations with the EC. We remain short.
EUR - The common currency does remain relatively stable, but this may not last for much longer. We do remain short but we may see higher prices if the indices start to pull down for a correction.
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