Market remains static during holiday period
- USD - Unemployment Claims: 265K
- USD - Crude Oil Inventories: 0.6M
- EUR - M3 Money Supply y/y: 4.8%
The main news yesterday surrounded the US labour market, as the unemployment claims were released. Jobless claims declined by 10k to 265k from a six month high in the prior period. The better than expected reading helped boost the Greenback ever so slightly yesterday afternoon as the US labour market goes from strength to strength.
- EUR - Spanish Flash CPI y/y: 1.5%
- USD - Chicago PMI
- GBP - Housing Equity Withdrawal q/q: -10.9B
We finish the year with only one piece of notable data released. The States release their Chicago PMI figure this afternoon, forecast to show a slight down tick to 56.5 from 57.6. With liquidity still thin due to the holiday season, this piece of data could spark some large volatile price swings when released. For the rest of the day we expect there to be end of month/year profit taking, with the USD a highly sought after currency as the funding effect takes place.
Have a good day.