Market is quiet today with most trading desks on a long holiday.

The only release for today will be from US CB Consumer Confidence which is expected to come lower than last month.

Today’s Forecast for Important Trading Indicators

Market Movers

  • EURUSD – Euro range trading. Euro continues to trade in a choppy range due to disappearance of many trading desks.
EURUSD CHART
  • USDJPY – Range Trading. USDJPY continued to trade in a range and managed to stay above 113.
  • GBPUSD – Range trading. GBPUSD continued to trade in a very tight range just shy from 1.3400.
GBPUSD CHART
  • Gold rallied yesterday crossing the 1280 mark and managed to stay above. Gold was trading at 1285 USD per ounce at the time of writing this report.
  • OIL also rallied and was shy from 60 USD a barrel mark. In the last few weeks, OIL managed to rise around 8 USD.
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