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Another reminder that it will be Thanksgiving in the United States, so reduced market conditions for the holidays will be part of the consideration over the next two days.

I’ve never been a fan of holiday swaps, but keep in mind we might get some exaggerated moves given the lighter conditions.

Instead, also keep in mind that the dollar continues to be in a good position from a technical standpoint as EUR / USD tests 1.1200 and USD / JPY seeking to maintain a break above. of the 115.00 level in trading today.

Elsewhere, oil still looks lukewarm as traders seem unsure how to proceed after the SPR release pending OPEC + reaction next week. The apprehension looks set to continue today with a wide range to play with around $ 74.50 (100 day moving average) and the $ 80 level for now.

Barring major surprises in the headlines, we can book the last two quieter days of the week before the weekend.

What is your view of the market now? Share your thoughts / ideas with the ForexLive community here.


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