MORNING BRIEFING: Return of risk appetite, Japanese Yen down.

[RTFX-Trading]

MORNING BRIEFING: Return of risk appetite, Japanese Yen down.

What’s new:
Oil: below $ 70 a barrel in New York.
United States: the budget deficit drops to $ 120 billion in November.
United States: the trade deficit declined 7.60% in October.
United States: higher than expected weekly jobless claims.
France: Industrial production down in October.

Today:


Rates in Asia and Indices:
EURUSD: 1.4740 - 1.4709.
USDCHF: 1.0275 - 1.0255.
EURUSD: 1.6334 - 1.6261.
EURJPY: 131.06 - 129.92.
USDJPY: 88.95 - 88.20.
Dow Jones: 10'405 +0.67%.
NASDAQ: 2,190 +0.33%.
S & P 500: 1'102 +0.58%.
Nikkei: 10'107 +2.48%.
Shanghai: 3'257 +0.11%.
Gold: $1'138.
Crude oil: $70.92.

Comments:
The Dollar and the Yen lose out this morning after the Japanese stock market rose 2.48%, causing a return of risk appetite. The strong economic statistics in China have increased investors' optimism about the global economic recovery, to the detriment of the safe haven Japanese currency.

Thursday in New York futures on the black gold closed lower for the seventh straight session to their lowest level in two months as fears that oil supply exceeds demand resurfaced.

Have a good day.

Nicolas Longchamp
RTFX Ltd
Head Office
The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
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