Asian equities were choppy and weak overnight, with participants still wondering whether there will be an escalation between Turkey and Russia. There were light risk-off flows yesterday, but they still took the back seat to more evident position closing/book squaring pre-Thanksgiving.
In FX, the Aussie is the leader of the profit-taking pack, being the strongest currency out there vs. USD at the moment. It also got a lift after Stevens showed just how relaxed he is, saying "We've got Christmas. We should just chill out, come back and see what the data says." RBA's Debelle speaks this morning in London so there might be some more action to be seen in the Aud.
Looking forward: we have some important releases in the US today ahead of Thanksgiving and Black Friday. Main focus will be on core PCE inflation (the inflation measure FOMC targets) which is expected to rise 0.1% m/m (1.3% y/y).
No charts today. I'm not looking for any fresh entries this morning.
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