Jobless claims and trade figures are the next pieces of news for the market to chew over. Claims are expected to rise to 484,000 for the prior week. They could be funky because Election day took place that week, something economists no doubt forgot to factor in. Next week they will forget Veterans Day…
Trade figures are out as well. The September deficit is expected to narrow to $57 bln. Oil prices have been collapsing all fall, so that gap will narrow further in the months ahead.
EUR/USD trades down at 1.2515 from early New York highs at 1.2590.
