The markets rebounded well yesterday following Monday’s substantial retracements US Indices closed the day out significantly higher from its open erasing Monday’s losses, the Dax and FTSE edged higher but still substantially lower than where the week opened up.
The commodity market didn’t fare any better as Gold was very mixed yesterday while Silver continued to decline breaking through the $25 mark. Brent held firm yesterday as its decline was somewhat halted. Crude Oil Inventories are due out today so keep an eye out for the data set to be released this afternoon.
As the European market opened up, the US Dollar remains the strongest currency while the Australian Dollar remains very weak following their lower than expected Retail Sales that was released this morning.
3:30 am - Retail Sales m/m (AUD)
4:30 pm - Crude Oil Inventories (USD)