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Europe Market Open: Dollar takes a breather

Are Trump's fiscal stimulus and the Fed's hike already priced in? Not necessarily. However, after a volatile period, the dust is settling on markets as the US gets ready for Thanksgiving. High hopes for an OPEC deal lift oil prices and this limits the greenback as well. Expectations are lower for the upcoming Italian referendum, with eyes already on the French elections. Also in the UK, it seems that the new government could miss an opportunity to make changes. GBP/USD is the focus of our special focus. We also cover the upcoming events and provide fresh technical analysis for majors and crosses.

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