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Pending OPEC Meeting and Strong Retail Sales Point to Strong Movement This Week

Retails sales hit record levels this Black Friday, pointing to potential upside in this sector going into the end of November. Over $3.3 billion in sales came in for Black Friday this year, a 21% increase over last year and a record as well. This suggests that consumers are willing to fork out cash, although it should be noted that the average purchase per consumer was lower overall, but this was offset by a greater number of consumers buying on Friday. This picture aligns well with the overall …
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Asian Session – Nov. 24, 2016

Japan’s flash manufacturing PMI down to 51.1 in November vs. 51.7 expected, 51.4 previous.
Dollar continues to dominate across the board.
Major Events:
Japan’s manufacturing PMI – Manufacturing in the world’s third largest economy grew at a slightly slower pace in November despite further weaknesses in the local currency. New orders seems to be the culprit, as its index, which measures both domestic and external demand, fell to 50.4 from October’s 50.8 reading. Even the output component of the r…
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Key Events To Watch For - November 24,25, 2016

Thursday, November 24, 2016
U.S: Thanksgiving Day. Financial markets closed
Marianas: Thanksgiving Day
Friday, November 25, 2016
8:30 AM ET. U.S. Weekly Export Sales
Corn (Metric Tons) (previous 1023K)
Soybeans (Metric Tons) (previous 2008.8K)
Wheat (Metric Tons) (previous 513.8K)
8:30 AM ET. October Advance Economic Indicators Report
9:45 AM ET. November US Flash Services PMI
PMI, Services (previous 54.8)
1:00 PM ET. U.S. financial markets close early after Thanksgiving
4:30 PM ET. Foreign Cent…
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