US futures and EU markets are marginally lower this morning after the strong run over the past 3-weeks on profit taking and ahead of the NFP numbers tomorrow. Nasdaq futures are down 0.2% and S&P 500 is down 0.44% while the leading EU index, the EURSXX50 is down 0.54%. Asian markets traded a flat session overnight on very little market moving news. The dollar is stronger this morning after a 48-day skid, trading at 97.52, up 0.25%. The Australian dollar is the big winner in the markets over the past 2-weeks, up more than 7.8% versus the JPY and up 4.8% versus the USD. Gold is trading higher by 0.5% this morning at $1,714 per ounce while Silver is at $17.98, up marginally on the day as well. Oil is lower by 1.5% this morning, that’s after the release of the Inventories numbers yesterday and fears that OPEC+ will forgo any additional production cuts and that US inventories are building up on weak demand. OIL is trading at $36.71 per barrel this morning.
The ECB Press Conference and Main Refinancing rate at 7:45 am and US Unemployment claims at 8:30 am are the important news on the agenda Thursday, (all times GMT).
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The AUD surfaced a clear winner in the FX markets over the past 2-weeks as investors flee “safe heavens” for riskier assets.
Nasdaq futures are marginally lower this morning after th solid run this week as investors await the NFP numbers set to be released tomorrow at 8:30 am.
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