Themes

• General mood is “risk off”
• Currency markets quiet in Asia today after overnight volatility  
• Some decent U.S. data tonight

What’s Moving

Very little to say out of Asia today, with markets pretty much just holding tight ranges and consolidating overnight moves with a complete lack of fresh local incentives.  

Japan raised its GDP forecasts slightly, but this had little impact on trading as it was leaked earlier on in the week.

We expect most t be fairly square going into year end and the risk is for little movement into the end of the year.

Tonight’s session sees

• U.S. Durable Goods (E: +0.6%)
• U.S. Initial Claims (E: 200k)
• U.S. New Home Sales (E: 770k)
• U.S. Michigan Sentiment (E: 70.4)