US stock futures mixed in thin liquidity, ASX to open higher
Macro Scenes:
US markets closed: US stock exchanges closed for the Thanksgiving holiday. The futures markets were mixed, with both Dow futures and S&P 500 futures up 0.06% and Nasdaq futures down 0.07%. USD lower: The USD index was slightly lower in thin liquidity, lifting other major currencies. The British pound has hit the highest level against the US dollar since 6 September amid higher-than-expected flash manufacturing PMI data. Gold gained: The precious metal rose slightly, cutting some losses from Wednesday due to a softened US dollar. Crude oil extended losses: Crude futures continued to fall after OPEC+ delayed the output meeting to 30 November. The US crude inventory increased more than expected for the week ending 17 November. Asian markets to open mixed: The ASX 200 futures rose 0.21%, the Hang Seng Index futures fell 0.39%, and Nikkei futures were up 0.83%.Chart of the Day:
AUD/USD, daily – The pair has formed a potential head-and-shoulder bottom reversal pattern, facing near-term potential resistance of about 0.66. Hence, the potential near-term support can be found at the neckline of about 0.6470.
Source: CMC Markets as of 24 November 2023