The markets were seen trading rather mixed with the U.S. dollar identified as weakening. The euro briefly rallied to 1.1950 levels while gold prices rose close to the 1299 handle. On the economic front, the new home sales data was the only major economic release yesterday. Data showed that sales of single family units rose 6.2% in October, marking the highest increase in a decade.
Looking ahead, the Fed nominee, Jerome Powell’s confirmation hearing is scheduled to begin today. On the economic front, the markets will be looking to the speech by BoE’s Carney. In the U.S. the goods trade balance and wholesale inventories report is due. Later in the evening, the BoC governor Poloz is scheduled to speak.
