Bitcoin can’t catch a break in China as authorities have quietly ordered a number of miners to cease operations. Elsewhere, the NAFTA jitters [US comfortable to trigger North Atlantic Trade Treaty Exit and Mexico likely to follow suit] seem to be giving a weak footing to the CAD. CAD declined by close of Wall Street Session. Euro benefited from the China – Treasury Purchase report. Sterling declined and the Yen advanced.
Early Thursday, Asian Indices were trading low with Gold above the 1310 mark. Silver and Platinum both advanced. Crude Oil prices advanced from Wednesday settling near 3-yr highs.
By close of the Wall Street Session Wednesday, Bank stocks rose, as higher bond yields tend to boost lending profitability. Two of the nation’s biggest banks, JPMorgan Chase and Wells Fargo, are scheduled to report fourth-quarter earnings on Friday. Rumors that China might slow or halt US Treasuries purchase dampened the sentiments on Wednesday. The S&P 500 declined 0.1%. The Dow Jones Industrial Average closed down 17 points, and Nasdaq Composite declined 0.1%.
Potential Catalysts Today
– US Senate to discuss Cryptocurrency
– PM Theresa May to meet UK Financial Services Chiefs
– Japan’s Coincident and Leading Economic Index to be updated and Trade Balance data released
– US to auction 30-yr Bond
09:00 AM GMT Industrial Production (MoM) (Nov)
11:30 AM GMT ECB Monetary Policy Meeting Minutes
12:30 PM GMT Core PPI (MoM) (Dec)
12:30 PM GMT Initial Jobless Claims
12:30 PM GMT PPI (MoM) (Dec)
06:00 PM GMT Federal Budget Balance (Dec)
08:00 PM GMT New Zealand Building Consents (MoM) (Nov)
10:00 PM GMT Japan Current Account n.s.a (Nov)