Crude oil prices might face conflicting cues as Eurozone PMI data warns of slowing global demand while EIA inventory data reveals a hefty drawdown.
The Euro may fall with stocks while the Yen gains as economic data flow fails allay global slowdown fears and worries about political instability in Italy resurface.
Gold prices got a lift as cross-currency flows weighed on the US Dollar but technical positioning continues to warn that a major top may be taking shape.
The anti-risk Japanese Yen and US Dollar may trade higher as PMI data out of the US and the Eurozone stoke worries about a downturn in global economic growth.
The Japanese Yen may rise while the Euro falls as a worried ECB, anxious chatter at the World Economic Forum in Davos and soft US