Majors On Friday: CAD and EUR Decide to Get Moving on Thanksgiving

Morning All,

It was a pretty quiet day as is usually the case when Thanksgiving hits. For the most part, the majors were pretty quiet and there wasn’t a whole heap to write home about.

We did get the release of the ECB minutes, which didn’t shed any new light on the ECB’s mindset. However, early on we did get a bit of a rally in the EUR.

In Canada, retail sales were a little worse for wear and that put some pressure on the CAD. Overall that was arguably the highlight of the session.

The US Dollar Index is still weak after the FOMC came out a little more dovish than expected. I am still targeting a move to 93.00. Remember that there is a half-day trading on Friday in the US, but I’m pretty sure everyone will be skipping class.

US Dollar Index – 240 min Chart.

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Rowan Crosby

Asia-Pacific Analyst

Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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