US markets climbed higher and closed at record levels once again. Volatility was lower as many traders taking an early weekend for the Thanksgiving holiday.
Asian markets were mostly lower. The Nikkei dropped 0.78% as the Dollar weakened against the Yen.
European markets are higher today after the release of positive data from Germany.
Oil dropped to a new four year low ahead of OPEC’s meeting. The meeting will occur in Vienna today and traders are eager to learn if they decide to cut output in response to climbing supply and falling demand.
Gold dropped sharply during the Asian session despite the release of negative US data. However, the metal then regained its losses and is trading choppy once again. Traders are awaiting the Swiss referendum which will take place on Sunday. As the US market is closed today we can expect low volatility.
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