TRADE BALANCE

China’s trade surplus rose in November raising fresh fears about renewed criticism from the US and Europe over Beijing’s currency policy.

On a 2-hour chart, EUR/USD has next support at 1.3141 (S1), as indicated by the 61.8 percent Fibonacci retracement from 1.3422 to 1.2970. A break below the same could take it to 1.3059 (S2) before retesting the November 30 low of 1.2968.

Despite a very strong jobs data early Thursday, the Austalian dollar looks less energized for a rally above Tuesday's high of 0.9964 to 1.0001, to complete the 'right shoulder' of a 'head and shoulders' pattern with 'head' at 1.0181 formed on November 5.

UK’s trade deficit widened in October due to a sharp increase in imports, the Office for National Statistics said on Thursday.

Momentum indicators MACD and RSI on 4-hour chart suggest the pair is in oversold zone and up for a rebound. The first stop up (R1) for USD/JPY could be 83.40 as indicated by 100-day SMA and 23.6 percent Fibonacci and further higher, the pair has resistance near 83.7 (R2), as shown by the 50-day SMA.

World trade growth slowed in the third quarter of the year, according to the latest World Trade Organization (WTO) figures. An 18 percent rise in global merchandise trade annually in value terms was remarkably lower than the 26 percent increase registered in the second quarter.

UK economy grew in the third quarter, boosted mainly by a strong increase in exports of goods and services.

South Korea's won that dropped to an 11-week low against the greenback following Tuesday's North Korean attack sharply rebounded on Wednesday, registering a 3.3 percent rally from the day's opening level.

The U.S. economic growth is expected to remain sluggish over the next couple of years, as inflation heads towards zero and unemployment remains high. Official U.S. GDP figures are due on Tuesday, along with sales information of existing homes.

The euroarea reported a trade surplus for the month of September, according to a report by Eurostat, the statistical office of the European Union.

A major question emerging here in Seoul on the final day of the G-20 Summit, as world leaders personally powwow on global dilemmas, is this: Can the U.S. and China play nice?

German gross domestic product (GDP) growth slowed to 0.7 percent in the third quarter after increasing sharply by a revised 2.3 percent in the second quarter.

Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.

Goods and services trade deficit in the U.S. narrowed in the month of September from the previous month, but still remained high with China, according to a report released by the U.S. Commerce Department.

Futures on major U.S. indices remained range bound on Wednesday ahead of key weekly U.S. jobs data and September trade balance reports from the government.