Lower trading volume expected on Thanksgiving day [Video]
|It’s the Thanksgiving Day holiday here in the US, so you may notice lower trading volume especially in the USD crosses. But just to give us a wild sendoff to the holiday, the USD saw sharp declines on Wednesday, touching its lowest level in more than a month against the Japanese yen and the Swiss franc after the release of weaker-than-expected U.S. data and inflation expectations. On the economic calendar today, we have PMI data out of France, Germany, and the Eurozone between 8-9 AM GMT. at 9:30, UK’s GDP for Q3 will be out, expected to remain unchanged at 1.5% on a YoY basis. At 12:30 PM, ECB account of the monetary policy meeting will take place, and then, SNB's Thomas Jordan Speaks in Basel at 4:30 PM. Finally, New Zealand’s Trade Balance (OCT) is out at 9:45 PM GMT to end the trading day. Thanks for watching, invest responsibly, and I wish you the best of luck making pips by trading forex.
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