- Major European indices close higher led by the German Dax
- German finance minister Lindner: We need to fight inflation
- More from Mann: Market expectations before November meeting were too high
- Bank of Mexico Cenbank: Board members will assess the magnitude of the upward adjustments
- BOE Mann: UK price and wage dynamics are not consistent with 2% target, but not a spiral
- A Blast from the Past: The roadmap to doing the "impossible" in your forex trading
- More Schnabel: We are not yet seeing an actual wage price spiral...but
- The JPY is the strongest and the CHF is the weakest as the NA session begins
- ECB Schnabel:There is risk that monetary & fiscal policies may pull in opposite directions
- ForexLive European FX news wrap: Dollar holds lower after yesterday's fallout
- ECB accounts: 75 bps rate hike was supported by a very large majority
Thanksgiving is a special day in the US where the purpose is to simply give thanks for your blessings. It's the most pure of the holidays, that is all inclusive, reflective, full of good food, family and friends. I share my feelings of thanks to all of you in the community. I very much appreciate your support and wish you, your family and friends nothing but the best. Peace to you all.
The day has been quiet in the North American session.
However, the JPY is looking like it will end the day as the strongest of the majors. The CHF is the weakest. The USD is weaker once again. The greenback has been lower for three straight days.
Looking at the daily chart of the DXY, the index is approaching the 200 day MA at 105.27 (and rising). The price has not traded below the MA since June 2021. The 50% of the 2022 range is below that at 104.86. Two key technical targets going forward to be aware. A move below each increases the bearish technical bias, but the levels should give sellers some cause for pause at least on the first look.