Dull start to the Asian/Pacific trading week with Japan off for Thanksgiving Holiday. Asian equities were mixed in lateral trading. The energy sector and metals opened the week with another drop which, along with continued USD strength, is hurting comm-dolls the most.
Looking forward: today’s focus is likely to be on the ‘flash’ estimates of Eurozone PMIs for November. The data will provide a further read of activity trends in Q4 against a backdrop of comments from ECB officials on whether and what form of further policy easing may come on December 3rd. In the US session, we have Manuf. PMI and Existing Home Sales to watch also.
Charts for Today: see the weekly game plan.
The post European Open: USD strong, Commodities weak appeared first on www.forextell.com.