- Israel and Palestine call ceasefire
- Initial jobless claims 410K, in line with expectations
- Markit US PMI 52.4 vs 51.0 exp
- Canadian Teranet house prices -0.2% in Oct
- Final U Mich consumer sentiment revised to 82.7 vs 84.9 prior
- US Oct leading indicators +0.2% vs +0.1% exp
- Austrian growth may disappoint: Nowotny
- The options for Greece
- Oil +$0.93 to $87.68
- GBP leads, JPY lags
There was a burst of trading action in the early hours of US trading but it died down at lunchtime as US traders left for the Thanksgiving holiday.
EUR/USD completed the post-Greek non-deal rebound, up to 1.2830, slightly above the 200-day moving average (1.2803).
The yen is the big story. LDP leader Abe is promising the world and has convinced markets that he’s serious. Analysts are lining up to call for USD/JPY at 100 and higher. Today saw another 6 month high at 82.53 but it was consolidation after the early rally.
Yen crosses have broken out as well. EUR/JPY rose as high as 105.82 and will likely close near the high.
The better US economic data stopped a selloff in AUD/USD at 1.0338.
Gold up $2 to $1730.
