Five things traders need to know today
📉 US stocks resumed the selloff on Thursday as Treasury yields continued to rise on better-than-expected jobless claims and retail sales. Tech and energy sector were the biggest underperformers overnight. European and Asian indices were mostly in red.
🔻 Gold fell below $1,700 and closed at 2.5-year low of $1,664.63. WTI (SpotCrude) lost nearly 4% to $85.19 on worries of global oil demand in Q4. Ethereum plunged by 10% to $1,471 after the network upgrade or Merge was completed.
💲 The US dollar index (USDX) held steady above 109, with the two-year Treasury yield surging to 3.867%. Michigan Consumer Sentiment Index is under spotlight tonight. USDJPY was slightly up to 143.47. FX intervention is likely be discussed on next week’s BoJ meeting.
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