6:37 AM · 27 November 2023

Morning wrap (27.11.2023)

  • Indices from Asia-Pacific launched new week's trading lower. Nikkei drops 0.6%, S&P/ASX 200 is down 0.8%, Kospi and Nifty 50 decline 0.1% while indices from China trade 0.4-1.2% lower
  • US index futures are trading around 0.2-0.4% lower while DAX futures drop 0.2%
  • JPY and GBP are the best performing major currencies, while NZD and CAD lag the most
  • Energy commodities pull back - oil is down 0.3% while US natural gas prices drop 3% on warmer weather forecasts
  • Precious metals continue to climb - gold gains 0.4% and trades above $2,000 per ounce. Silver gains 1.3% and platinum trades 0.4% higher
  • Cryptocurrencies pull back - Bitcoin drops 0.7%, Ethereum trades 1.2% lower and Ripple slides 1.6%. Dogecoin bucks the trend and gains 3.6%
  • According to Reuters report, Beijing exchanges asked major shareholders not to reduce holdings in listed companies to avoid damaging market sentiment
  • ECB Nagel said that rate hikes are having an impact on the economy and inflation is slowing but is not yet where ECB wants it
  • Profits of Chinese industrial firms dropped 7.8% YoY in January-October 2023 period, up from 9% YoY a month ago. Profits were 2.7% YoY higher in October alone
  • Japanese PPI services inflation accelerated from 2.0 to 2.3% YoY in October (exp. 2.1% YoY)

GOLD managed to break above the psychological $2,000 area as well as above the upper limit of a short-term triangle pattern. Source: xStation5

13 November 2026, 6:45 PM

Daily Summary: PPI Inflation slows down, but EURUSD approaches 1.10

12 November 2026, 7:08 PM

Daily Summary: Oil Rebounds, EURUSD Falls Sharply 🗽 Wall Street Stabilizes After Nvidia Sell-Off

12 November 2026, 5:42 PM

Oil Gains Nearly 2% Despite a Sharp Rise in US Inventories 📈

12 November 2026, 3:17 PM

🚩 Gold loses almost 3%

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