With the bulk of the US still sleeping on this day of giving thanks, it is perhaps ironic that the Brits have been pounding away at the USD driving GBPUSD to 2013 highs. S&P futures jerked higher on the European open and clung to those gains, extending yesterday's small green close to new record highs (+4.5 points). US Treasury futures sold off modestly then recovered back to unch as the USD slipped gently lower (even as JPY weakness continued). Gold and silver are up around 0.5% from yesterday's close.
The Brits are punding (pun intended) the USD…
But that won't stop US stocks from rising…
Treasuries round trip from earlier weakness…
but gold has been limping higher (with no ubiquitous smackdown yet) since the US closed…
Charts: Bloomberg
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/rISHmV9BFzA/story01.htm Tyler Durden