Friday 29th November: Subdued Trade Leaves Dollar Unchanged South of Weekly Trend Line Resistance.
The US Thanksgiving holiday witnessed thin trade Thursday. On the data front, however, headline German CPI for November missed expectations for a pick-up to 1.3%, and the pace remained unchanged at 1.1%, missing estimates for a rise to 1.3% y/y. The m/m release fell deeper than expected, falling 0.8% vs. 0.6% expectations.
Thursday 28th November: Volatility May Thin Today as US Banks Close in Observance of Thanksgiving Day.
British Prime Minister Boris Johnson is on course to win a majority of 68 in parliament at the Dec. 12 election, according to a model from pollsters YouGov that accurately predicted the 2017 election (Reuters).
US Thanksgiving Holiday Schedule 2019
Please find our updated trading schedule and general information for the Thanksgiving Day Holiday on Thursday November 28th, 2019 & Friday November 29th, 2019.
Tuesday 26th November: Dollar Subdued Ahead of Consumer Confidence Data.
Europe’s shared currency finished Monday mostly unmoved against the US dollar. In terms of risk events, sentiment among German executives has improved a little, according to the IFO Institute for Economic Research.
Monday 25th November: Weekly technical outlook and review.
Longer-term flow retained a bearish tone last week, languishing south of a long-standing resistance area at 1.1119-1.1295. Further selling going forward has the lower boundary of a descending channel to target (extended from the low 1.1109), merging closely with the 2016 yearly opening level at 1.0873.
Friday 22nd November: Euro steady ahead of manufacturing data.
Key risk events today: French Flash Services PMI; French Flash Manufacturing […]
Thursday 21st November: Technical analysis and review.
Key risk events today: European Central Bank (ECB) Monetary Policy Meeting […]
Wednesday 20th November: Markets largely unmoved ahead of FOMC.
Key risk events today: Canada CPI m/m, Common CPI y/y, Median […]
Tuesday 19th November: Dollar index extends losses off weekly trend line resistance.
Europe’s single currency kicked off the week in reasonably robust fashion, gliding to highs of 1.1090 before mildly paring gains into the close. Tops (green arrow) around the 1.1090 neighbourhood on the H4 timeframe is likely viewed as resistance in this market, as is the 1.11 handle.
