Monday, November 26, 2018
The CAD is down on the morning but overall relatively flat from yesterday’s open. News is absent to open the week with most investor focus remaining on overall sentiment as well as crude. Oil has continued to tumble with WTI now priced below $52 per barrel.
The USD is struggling against most of the G10 currencies as Brexit and Italian concerns have begun to subside and risk appetite increased. News was also absent out of the US today but this week hold some important releases. Tomorrow’s CB Consumer Confidence numbers headline the AM news.
The EUR is showing signs of strength and is trying to retrace last Friday’s decline. Developments out of Italy are supportive with overall concerns beginning to decrease. Business Confidence throughout the Eurozone has softened through 2018, but the overall trend is relatively flat.
Equities are up across the board this morning: the Dow up 1.54%, the S&P up 1.27%, NASDAQ up 1.70% and the TSX up 0.44%. Crude Oil is up 2.76% this morning ($51.81) while Gold is also up 0.02% ($1,223.28).
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