Breaking News
Get 45% Off 0
🌊 NVIDIA ripple effect: Track AI stocks' response to chip giant's earnings
Explore AI Stocks

27.11.23 Macro Afternoon

By Chris BeckerMarket OverviewNov 27, 2023 17:07
au.investing.com/analysis/271123-macro-afternoon-200583665
27.11.23 Macro Afternoon
By Chris Becker   |  Nov 27, 2023 17:07
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
USD/JPY
-0.10%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XAU/USD
+0.04%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
JP225
-0.20%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
HK50
+3.27%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
Gold
+0.01%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
LCO
-0.26%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Asian share markets are mostly in a negative mood, with King Dollar still falling back slightly after its Friday night selloff while Wall Street is expected to open a little lower following the truncated session post Thanksgiving.

Oil prices are failing to stabilise with Brent crude pushed further below the $80USD per barrel level while gold is surging again after holding fast above the $2000USD per ounce level on Friday night, shoring up short term support:

XAU/USD
XAU/USD

Mainland Chinese share markets are trying to get back into the green near the close with the Shanghai Composite still down 0.3% at 3030 points while in Hong Kong the Hang Seng Index has also lost some ground, currently down nearly 0.6% at 17449 points. Japanese stock markets couldn’t get back into the positive mood either with the Nikkei 225 taking back its recent gains to fall 0.5% to 33443 points while the USDJPY pair is slowly rolling over after the weekend gap to be just a smidge above the 149 level:

USD/JPY
USD/JPY

Australian stocks were unable to gain any momentum with the ASX200 closing some 0.7% lower, breaking the 7000 point support level to close at 6987 points while the Australian dollar has continued to hold above the mid 65 cent level after looking a little toppy at the recent new monthly high:

AUD/USD
AUD/USD

S&P and Eurostoxx futures are pulling back slightly going into the London open as the S&P500 four hourly chart shows support continuing to firm at the 4500 point level where price action is likely to test in tonight’s full session, following a series of large steps following the recent rebound above the 4300 point level:

The economic calendar starts the week slowly with a speech by ECB President Lagarde and then the latest US home sales data.

27.11.23 Macro Afternoon
 

Related Articles

James Picerno
Are Markets Rethinking the Prospects for Trump 2.0? By James Picerno - Feb 26, 2025

Recent headlines appear to have shaken investor sentiment. It’s premature to read too much into a few days of weaker-than-expected survey numbers. More importantly, the latest...

Charles-Henry Monchau
7 Key Charts on the Current State of the Global Economy By Charles-Henry Monchau - Feb 25, 2025 1

The EU’s most costly budgets, bitcoin’s market swings, and rising US bankruptcies. Each week, the Syz investment team takes you through the last seven days in seven charts. 1. The...

27.11.23 Macro Afternoon

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Apple
Continue with Google
or
Sign up with Email