Will Lack of USD liquidity continue with Thanksgiving Holiday? Here is what’s happening this week in the market!

November 27, 2017

Dollar Weakens more, Euro reaches 2 months high.

Will Lack of USD liquidity continue with Thanksgiving Holiday? Here is what’s happening this week in the market!

This article is originally referred from FXPrimus News

FXPrimus has summarized the important market indicators of the week.

THIS WEEK’S INDICATORS

EURO strengthened against the US dollar and across the board during the Thanksgiving holiday reaching a 2 months high.

EURUSD outlook has changed to bullish with most analysts reversing the bearish outlooks.

During Thanksgiving, EURUSD rose over 100 pips in what should have been a quiet session where lack of USD liquidity managed to add to the USD weakness.

EURUSD CHART

November 27th, Monday

Traders still coming back from Thanksgiving holiday’s in a long weekend. No important market movers today.

Expectations are that currency pairs will move in a tight range.

November 28th, Tuesday

A volatile session with UK Governor Carney and Canada’s Poloz speaking.

Investors may find opportunities from market volatility as two main central bankers will be speaking giving investors the opportunities to trade big market movements.

While also investors will be awaiting an important Consumer Confidence release from the US which is expected to weaken.

November 29th, Wednesday

Market participants shift attention to the Kiwi.

The central bank of New Zealand will be releasing its financial stability report while the Governor will also be commenting on the report.

This can cause huge volatility in the market as it is expected that this report might have an impact on the future rate decisions of the RNZB.

Also on Wednesday, trades eyes will be looking towards OPEC meetings where they will be discussing future OIL production plans.

November 30th, Thursday

Europe CPI Flash y/y and US unemployment claims.

Although the CPI flash in Europe is a year on year number yet, it is expected to cause a huge impact as more good news has been coming out of Europe.

December 1st, Friday

No NFP for 1st of December.

NFP number will be released the week after, on December 8th due to Thanksgiving holidays the week earlier.

However, the day is expected to be volatile with GBP news (Manufacturing), and Canada GDP, Unemployment, and Employment changes.

Original Source: FXPrimus News

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