Showing posts with label USD recommendations. Show all posts
Showing posts with label USD recommendations. Show all posts

U.S Market Update

Black Friday, the biggest US shopping "holiday", kicked off with expectations that lower gasoline prices and higher consumer confidence could mean better year-end retail sales than last year.

The buying frenzy started early, turning Thursday's Thanksgiving Day holiday into what the industry has begun calling "Gray Thursday".

Big retail chains like Walmart, Target and Macy's opened their doors at 6.00 pm (0100 GMT Friday) in hopes of boosting their weekend sales, even before many Americans had finished the traditional turkey holiday feast.

Walmart and Target boasted that the strategy was a success, saying they were swamped with customers - without saying how many.

Asian Market Update

Asian markets were mostly higher Wednesday following better-than-expected US economic growth data and news that Germany had narrowly averted recession.

The dollar struggled to resume its uptrend against the yen, with analysts forecasting the pairing were close to finding their plateau.

Tokyo fell 0.27 per cent owing to the stronger yen, but Hong Kong added 0.13 per cent, Sydney rose 0.87 per cent and Shanghai gained 0.46 per cent. Seoul was flat.

The gains came despite a weak lead from Wall Street, where the Dow and S&P 500 retreated slightly from record highs.