Markets are in the holiday mood
Light movements overall as you'd expect during this period and things will likely stay this way and a bit more choppy - with little direction - over the next week or so.
Liquidity conditions are going to be thin so be mindful of any technical breakouts as they can be a little exacerbated amid the lack of real money flows. The two more ominous ones are cable near the 1.30 handle and AUD/USD near the 200-day moving average.
Other than that, this is usually a period of reflection/review and where market participants will generally take a breather after a year's worth of hard work and effort put in.
In terms of economic data in Europe, there isn't much besides German November import prices and the SNB reporting the total sight deposits for the week ending 20 December.
