What’s moving the markets? What is moving and where on December 27

TGIF in what is a holiday-shortened week. What is moving the markets. In Europe there was no economic data out of Europe today and traders are reluctantly back from the Christmas and Boxing day holiday. In the US there will be some modest data out at 8:30 AM ET with:

• Good trade balance for November, Est. -100.6B vs -99.0B last month. With the Trump tariffs expected this may be influenced
• Whole inventories advanced for November. Est 0.2% vs 0.2% last month. Retail inventories ex auto is also due . Last month the data showed a 0.1% gain

What is moving… Well if open, the markets are moving. Looking at the USD, it is modestly lower/mixed vs the major currencies:

• EUR -0.12%
• JPY -0.15%
• GBP -0.24%
• CHF +0.18%
• CAD -0.22%
• AUD unchanged
• NZD -0.25%

Yesterday in the US stocks, they closed mixed with modest changes on the day

• Dow rose 28.77 points or 0.07%
• S&P fell -2.45 points or -0.04%
• Nasdaq fell -10.77 points or -0.05%

In premarket trading today, the futures are implying a lower open:

• Dow –153 points
• S&P -21 points
• Nasdaq -80 points

In the US debt market, the yields are mixed with the shorter end lower and the longer end of the curve higher after moving lower yesterday:

• 2-year 4.328%, -0.04 bps
• 5-year 4.445%, up 1.2 bps
• 10-year 4.601% up 2.2 bps
• 30-year 4.796%, up 3.5 bps

In other markets:

• Crude oil is trading up $0.59 or 0.83% at $70.21
• Gold is down -$7.00 or -0.27% at $2625.50
• Silver is doen -$0.27 or -0.95% at $29.51
• Bitcoin is trading up $537 at $96240

This article was written by Greg Michalowski at www.forexlive.com.