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Frontrunning: November 25

  • Dollar rally pauses, Italian stocks underperform (Reuters)
  • Retailers Vie for Black Friday Dollars (WSJ)
  • Holiday Price War Intensifies as Wal-Mart, Target Pursue Amazon (BBG)
  • U.S. Pushes Iran on New Measures to Fortify Nuclear Deal (WSJ)
  • Brent and WTI see small gains as end of year approaches (Reuters)
  • Turkey’s Erdogan threatens to let 3m refugees into Europe (FT)
  • Meet the man who could lead Trump's immigration crackdown (The Hill)
  • Austrian election tests support for European populism in Trump era (FT)

Furious Dollar Rally Fizzles On "Black Friday"; US Stocks Set To Open At New All-Time Highs

Furious Dollar Rally Fizzles On "Black Friday"; US Stocks Set To Open At New All-Time Highs

Having soared to fresh 13 year highs in a quiet overnight session on thin liquidity due to the US Thanksgiving holiday, which sent the USDJPY just shy of 114 and the Yuan to 6.96, the dollar pared back its weekly advance with modest profit taking after traders wondered if the rally has gotten "too stretched." European shares were fractionally higher, with Asian stocks and US equity futures rising and both the Dow Jones and the S&P set for new all time highs.

The Ex-President Of Italy's Constitutional Court Explains What Is At Stake When Italy Votes

With financial markets poised to react to the pivotal Italian constitutional referendum on December 4, consensus suggests that a ‘yes’ vote to the reforms will be positive for asset prices and a ‘no’ represents a sell signal. According to leading Italian commentators, however, a ‘yes’ vote will not fix Italy’s problems and the issues at play are not just black and white, but instead are far more complex than people seem to understand.

The Perfect Storm Set To Pop Aussie Apartment Bubble Bringing The Economy Down With It

The Perfect Storm Set To Pop Aussie Apartment Bubble Bringing The Economy Down With It

Submitted by Guy Manno via Crush the Market

The Aussie apartment boom that has turned into an epic bubble with record, sky-high prices, is showing all the signs for the perfect storm which will ultimately pop. With the popping of the apartment boom, it will simultaneously bring down the Australian economy, as the apartment market is set to have a sizeable correction in 2017 and 2018.

A short Look At Australia's Real Estate Market

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