30.11.16

Good morning,

Australian Building Permits issued in October missed out on expectations, dropping by 12.6% month on month. AUDUSD trading at 0.7479 at time of writing. Retail Sales figures for October will be released in Australia during the week. Japanese Housing Starts figures were up slightly on expectations, while vehicle production fell. USDJPY trading at 112.67 at time of writing. European markets today saw the October Retail Sales figures out of Germany and the results of the most recent Bank Stress tests.

Gross Domestic Product figures out of Denmark, Portugal and Poland this session. The main data this session however will be the Euro Zone Consumer Price Index for November followed by a speech by European Central Bank President Mario Draghi later in the session. Producer Price Index data will also be released from France, Austria, Hungary, Italy and Greece this session. EURUSD trading at 1.0624 at time of writing. The OPEC meeting will continue today in Vienna, Austria.

Across the Atlantic today we will see a range of figures out of the US and Canada. Personal Consumption figures out of the US and Canada's Gross Domestic Product data will be released at the outset of the trading day, with USDCAD trading at 1.3446 at time of writing. Pending Home Sales figures out of the US & EIA Crude Oil Stocks Change figures will round off today's scheduled data releases. USOIL was trading at $45.92 at time of writing while GOLD was trading at $1187 per ounce at time of writing.

I hope you all have a nice day.