- News & Education
Markets were predictably quite due to holidays in the US and Japan on Thursday.
USD was marginally softer overall with DXY dropping to test the support at the 200-day MA before recovering modestly amid the holiday lull for Thanksgiving.
EURUSD managed mild gains with price action choppy around the 1.0900 level but eventually managed to hold that key level. There were several hawkish leaning comments from ECB officials and ECB Minutes noting that members argued in favour of keeping the door open for a possible further rate.
GBPUSD extended on its mid-week bounce and made further progress above 1.2500 after UK manufacturing and services PMI figures beat forecasts.
USDJPY ended flat for the session but not before a sharp dip reversed following a bounce off support at 149.00 and seeing the pair again settle above 149.50.
Ahead on Fridays , US traders will be mostly offline meaning another likely low volume session, we do have Manufacturing and Services PMI figures out of the US later today though.
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.