Australian Retail Sales figures disappointed when released overnight. Out at just 0.2% in the month of November, when growth of double that had been expected. AUDUSD trading at 0.7360 at time of writing. Japanese Consumer Confidence figures for December beat expectations; figures released overnight showed a 43.1 reading, against 41.3 expected, this was up from the previous 40.9 USDJPY trading at 115.85 at time of writing.
European Markets this morning saw the Swiss Unemployment Rate remain unchanged at 3.3% as had been forecast. Norway’s Consumer and Producer Price Index data for December were scheduled for release this session. Danish CPI and Inflation figures are out this session, along with Czech Republic CPI figures to be released at the same hour. Last item on today’s European agenda is Swedish Industrial Production figures. EURGBP trading at 0.8724 at time of writing.
Across the Atlantic today Canadian Housing Starts and Building Permits figures will be the first scheduled news releases today. USDCAD trading at 1.3220 at time of writing. Redbook Index out of the US will follow, and subsequent to this the JOLTS Job Openings figures for November. The IBD/TIPP Economic Optimism for January will be released at the same time, along with Wholesale Inventories for November. Lastly this session will be the API Weekly Crude Oil Stock figures. USOIL was trading at around $52 per barrel at time of writing while GOLD was trading towards the $1185 level.
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