A relatively quiet Thursday coming up, with only a small volume of data set for publication.

The USD weakened overnight, sending paired currencies higher. The EURUSD began the day at $1.18204 and dipped to lows of $1.18188 shortly after the open. It was basically one-way traffic from there as the euro hit highs of $1.18800 late in the day. It has come off those highs and is now trading at $1.18516. The GBPUSD surged overnight, threatening to break through the $1.32 barrier. It started the day at $1.29451 and slipped to a low of $1.29312 in the opening hour. Momentum began soon after and accelerated mid-session, peaking at $1.31761 late in the day. It has come away from those highs and is now trading at $1.31313.

Uncertainty surrounding a new stimulus package is not helping markets, with the Dow ending the day lower. It opened at 28,325.31 and climbed to a high of 28,490.42 early before falling away for most of the day, hitting lows of 28,191.29 late. News broke in early Thursday trading that Iran and Russia are actively trying to interfere with the US election. This sudden news sent the Dow further down and it is now trading at 28,114.30. The Dax fared no better overnight after opening at 12,760.87. An early high of 12,818.49 was met with sharp declines with the German index eventually closing at a low of 12,532.40.

Today sees focus return to the US and the release of the latest Unemployment Claims figures. A further 860,000 people are expected to have accessed unemployment insurance over the last week.

Other data published today includes:

Australia – NAB Quarterly Business Confidence

Europe – Consumer Confidence, German GfK Consumer Climate

US – CB Leading Index, Existing Home Sales, Natural Gas Storage

UK – CBI Industrial Order Expectations, BoE Governor Andrew Bailey and MPC Member Andy Haldane speak

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