Markets Trade Mixed Amid Thin Liquidity

USD SLIDES, SOME EQUITIES PULL BACK, OTHERS AIM HIGHER

The US dollar traded lower against all but one of the other major currencies on Wednesday and during the Asian session Thursday. It gained only against JPY, while it underperformed the most versus NZD, GBP, and AUD.

DJIA — TECHNICAL OUTLOOK

The Dow Jones Industrial Average cash index trades slightly higher yesterday, to touch, and perhaps overcome somewhat, its all-time high at 36570, hit back on November 8th. Then, it consolidated slightly below that barrier. Overall, the index has been in a rising mode since December20th, and with no signs of reversal, we believe that we could see further advances, despite the latest slowdown.

AUD/USD — TECHNICAL OUTLOOK

AUD/USD also traded higher yesterday, hitting resistance near the 0.7275 zone, also marked by the high of November 22nd. Overall, the pair remains above the downside resistance line taken from the high of November 2nd, as well as above an upside one drawn from the low of December 3rd. In our view, all this paints a positive short-term picture.

AS FOR TODAY’S EVENTS

The calendar is once again almost empty, with the only data worth mentioning being the US initial jobless claims for last week, which are expected to have risen to 208k from 205k.

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JFD is a leading Group of Companies offering financial and investment services and activities.