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Risk sentiment looks mixed through European morning – TDS

FXStreet (Barcelona) - The TDS Research Team see a mixed risk sentiment through the European morning, after better Eurozone GDP figures showed a little bit more stability into the end of the year.

Key Quotes

“Risk sentiment is looking mixed through the European morning, with European equities generally flat on average, but crude oil has actually made some small gains (Brent crude +0.8% today) after better Eurozone GDP figures showed a little bit more stability into the end of the year.”

“The USD has been paring its overnight gains since London walked in, with NOK and SEK now up on the day and CAD back to flat, although USDJPY continues to drift toward new cyclical highs, and GBP continues to sit just a few pips off its cyclical lows.”

“The focus for today’s North American session will be US retail sales for October, where markets will be watching particularly closely to gauge the impact of lower gasoline prices on consumer spending into the holiday shopping season. In Canada we get manufacturing sales for Sept, where we expect a below-consensus 0.4% M/M gain.”

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