Major Economic Data to keep an eye on:
Make sure to keep track of economic news related to your open positions.
For full Economic calendar, please visit: http://www.youtradefx.com/en/economic-calendar
GBP – Trade Balance – 9:30 GMT
EUR – German Industrial Production (MoM) – 11:00 GMT
GBP – BoE QE Total – 12:00 GMT
GBP – Interest Rate Decision – 12:00 GMT
EUR – Interest Rate Decision – 12:45 GMT
CAD – Housing Starts – 13:15 GMT
CAD – Building Permits (MoM) – 13:30 GMT
EUR – ECB President Draghi Speaks – 13:30 GMT
MXN – Mexican CPI (YoY) – 14:00 GMT
The major U.S. averages ended the Wednesday session on a mixed note as the Nasdaq added 0.3%, the Dow shed 0.4% while the S&P 500 essentially split the difference, ending flat.
Today, the December Challenger Job Cuts report will be released at 12:30 GMT while weekly initial claims will be reported at 13:30 GMT.
- Nasdaq -0.3% YTD
- Russell 2000 -0.4% YTD
- S&P 500 -0.6% YTD
- DJIA -0.7% YTD
Asian stock were mixed on Thursday after China's consumer price index rose less than expected and Japanese consumer sentiment worsened in December.
The Nikkei 225 fell by 1.58% in the morning trading.
The Australian dollar fell against the U.S. dollar after a better than expected retail trade figures in Australia.
AUD/USD traded at 0.8873, down 0.29%, while USD/JPY traded at 104.90 up by 0.05% and NZD/USD was down 0.23% at 0.8246, USD/CAD keeps its momentum up and traded at 1.0836.
Earlier the U.S. dollar greenback moved higher against most major currencies on Wednesday after industry data revealed more hiring took place in the U.S. private sector last December than anticipated.
In Asian trading on Thursday, EUR/USD was down by 0.01% at 1.3573.
Oil futures rose Thursday, recouping some of the previous session’s substantial losses due to a less-than-expected drop in U.S. crude supplies.
February crude oil added 32 cents, or 0.4%, to $92.65 a barrel in electronic trading.
Gold prices edged higher Thursday, shaking off three days of losses despite an update from the Federal Reserve that could signal further weakness.
Gold for February delivery moved $1 higher in electronic trade to $1,226.60 an ounce. March silver rose 8 cents, or 0.4%, to $19.62 an ounce.
Trading action should pick up on Friday when the U.S. government releases its much-anticipated monthly employment data. Before that, the markets are due to get a look at weekly jobless claims.
Good luck trading!