UM Sentiment Comes In On Schedule

It has been a light-weight week of U.S. financial information and the USD is the prime beneficiary. 5-day rallies vs the majors have been the story of early November, with merchants snatching up Bucks as an alternative of most different property. As we speak’s UM Shopper Sentiment Index (Nov.) did little to derail the bull run, coming in as anticipated.

Other than extra energy within the USD, the markets are combined. On the half-way level of the U.S. session, the DJIA DOW (-38), S&P 500 SPX (+.87), and NASDAQ (+24) are hovering close to flat. Secure-havens are off for the second straight day, led by a ¼ % drop in gold. In the meanwhile, it seems that merchants are hungover from midweek fireworks and are trying ahead to the weekend break.

UM Shopper Sentiment Index Hits Its Mark

The one major market mover scheduled for immediately’s U.S. session was the UM Shopper Sentiment Index (Nov.). Proper on queue, the determine got here in at 95.7, simply beneath expectations (95.9) however above the earlier launch (95.5). 

All in all, the report has had little affect on the markets, though it definitely hasn’t damage the USD. Since its launch, the Buck has held agency vs most of the majors, particularly the USD/CAD.

Overview: As we speak’s motion within the Loonie has been trend-day-up. Charges are again above the 1.3200 deal with and are difficult a key 62% Fibonacci…