Canadian GDP and US shopper confidence spotlight the financial calendar

We have entered a traditionally-quiet time of the yr in monetary markets nevertheless it looks like Christmas traditions aren’t what they was. The FX market is full of life to this point at this time with USD/JPY up one other 75 pips.

There’s something of a sigh of aid in equities after Congress handed the invoice to keep away from the federal government shutdown late on Friday. S&P 500 futures are up 6 factors with shares in Europe modestly greater.

Treasury yields are up 1-Three bps throughout the curve and that is helped to elevate the US greenback broadly.

There are a couple of notable releases at this time beginning on the backside of the hour with Canadian October month-to-month GDP and the November PPI report.

Then at 10 am ET, the main focus turns to US shopper confidence, which is predicted to rise to 113.Three from 111.7. There hasn’t been as a lot of a Trump-bump in a few of the knowledge as I anticipated nevertheless it’s nonetheless early.

This text was written by Adam Button at www.ubaidahsan.com.



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