Nov. 27: MARKET REVIEW
Risk sentiment: Generally positive. Asian stocks rose to 1-month high as investors bet that more central bank stimulus in China and Europe would have the positive impact on the global economy. US financial markets are shut for Thanksgiving Day. Oil prices tumbled to a 4-year low as hopes for output cuts by OPEC went away. A Gulf Arab OPEC delegate told Reuters that the organization members have reached a consensus not to cut oil production today.
US dollar: American currency declined as weaker US economic data reduced demand for it pushing Treasury yields lower.
EUR/USD: The pair’s trading just above 1.2500. The ECB’s President Mario Draghi will speak today at 11:30 a.m. GMT.
GBP/USD: The pair’s consolidating just under 1.5800.
USD/JPY: The pair’s declined to 117.25 as Japanese stock market went down because of the political uncertainty in Japan.
AUD/USD: The pair rose to 0.8600 on better-than expected data from Australia. The country's new capital expenditure rose by 0.2% in Q3, although a decline of 1.7% was expected.
NZD/USD: The pair rose above 0.7900.