Markets Updates

ISM Manufacturing PMI came out with worst than expected numbers as it dropped to 53.6 versus 55.7 in October while the expectation was at 54.8.

Pending Home Sales came also with better than expected numbers but with less than expected drop to reach 3.7% versus 6.1% last month, while the expectation is to see a drop to -0.4%.

With this mixed news, most of the traders in the markets are going to the treasuries and securities as safe haven investments.

Sterling dollar is expected to hike up toward 1.6630 resistance (100 Day moving average).

AUDJPY is also expected to continue with its way to the upside, targeting 80.40