AWARDS

US markets traded choppy but closed slightly lower. Data was mixed and volume appeared to be low ahead of the Thanksgiving Holidays tomorrow. Despite indexes ending slightly lower, they still remained at all-time highs.

Asian markets were mixed across the region. The Nikkei dropped 0.14% as the Dollar weakened slightly against the Yen.

European markets are higher today as the Vice President of the ECB, Vitor Constancio, stated that the bank is prepared to buy bonds as soon as 2015. In addition to this, Jean Claude Junker, President of the European Commission presented a 5 year plan for public investment throughout the European Union.

Oil dropped sharply and has reached a new four year low of 73.8. Losses were seen after the API reported that weekly crude stock climbed 2.8 million barrel over the past week. Traders are also cautious ahead of OPEC’s meeting tomorrow and are eager to see if they cut production. If output is cut, we could see the price climb back up.

Gold is trading choppy around $1,197/ounce. The market is awaiting Sunday’s Swiss referendum to see if reserves will be increased from 8% to 20%. The Dollar remains high as data has been consistently strong and this should push the price down. However, talk of increased stimulus is also present from Japan, China and Europe. Traders should remain focused on US data as it could spark short term volatility.

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What is it? It checks the change in the total inflation-adjusted value of new capital expenditures made by private businesses.

It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.

When? November 26^th at 7:30pm Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the AUD to rise.

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What is it? It checks the difference in value between imported and exported goods during the reported month.

Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? November 26^th at 4:45pm Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the NZD to rise.

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What is it? It checks the change in the price businesses and the government pay for labor, excluding bonuses.

It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

When? November 11^th at 7:30pm Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the AUD to rise.

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