Headlines:
Markets:
- EUR leads, JPY lags on the day
- European equities blended; S&P 500 futures down 0.2%
- US 10-year yields down 2.3 bps to 4.409%
- Gold up 0.5% to $2,611.43
- WTI crude up 0.3% to $68.31
- Bitcoin down 0.7% to $87,702
It was a quiet session because the post-election trades are pausing for a little bit of a breather in anticipation of the US CPI report later.
That’s the fundamental occasion for at the moment, thus retaining a extra pensive temper amongst main currencies. The greenback is steadier throughout the board, holding on to beneficial properties with EUR/USD briefly dipping beneath 1.0600 earlier than bouncing again as much as 1.0630 now. In the meantime, USD/JPY had a short run above 155.00 earlier than holding round 154.85 presently.
The opposite main currencies held in tighter ranges in opposition to the greenback with GBP/USD round 1.2740-50 ranges and USD/CAD round 1.3940-50 ranges largely. Even AUD/USD is retaining inside a 23 pips vary, seen at 0.6524 presently and down simply 0.1% on the day.
In different markets, equities are extra cautious with European indices holding extra blended and a bit of decrease after the heavy promoting yesterday. US futures are additionally pointing down barely alongside bond yields however rather a lot can change as soon as we get previous the CPI hurdle later.
Fedspeak will proceed to be in focus as properly moreover the inflation numbers. After which tomorrow, we will likely be getting the PPI report and weekly jobless claims earlier than the retail gross sales knowledge on Friday. In between that, Fed chair Powell can even be talking.
So, these will likely be key threat occasions so as to add to the post-election buying and selling combine for the rest of the week.
