Forexlive Americas FX news wrap: Consumer confidence slumps ...Middle East

US December consumer confidence 104.7 vs 113.3 expectedUS November new home sales +5.9% vs -14.8% priorUS November durable goods orders -1.1% vs -0.4% expectedCanada GDP for October 0.3% m/m vs 0.1% expectedCanada November PPI +2.2% vs +1.1% y/y prior

Gold down $10 to $2610Bitcoin down 3% to $93,800US 10-year yields up 6 bps to 4.58%WTI crude flat at $69.50S&P 500 up 0.7%USD leads, CHF lags

The final week of the year started off with mixed signals. The equity market continued its rebound from the post-Fed rout as the Nasdaq rose 1%. It didn't start out that way as futures pointed to a lower open, but Santa Claus might arrive after all, with steady bids throughout the day, particularly after Europe went offline.

Economic data didn't appear to have a large effect but there was a solid schedule as stats agencies rush to publish ahead of the holiday. US consumer confidence saw a sharp drop in lower expectations, highlighting some angst about Trump policies.

Have a Merry Christmas!

This article was written by Adam Button at www.forexlive.com.

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