No important events in the economic calendar but the technical picture is promising. Let's take a look at AUD/USD, NZD/USD, USD/JPY, and USD/CAD.
Tag - usd
The economic calendar doesn't provide interesting events to trade on. Let's take a look at the technical setup to get signals. EUR/USD, GBP/USD, USD/JPY, and XAU/USD are under consideration.
Markets will be closed earlier due to coming Christmas. However, it's not a reason to avoid trading.
Market sentiment was supposed to improve due to the positive comments about US-Sino trade tensions.
Currently EUR/NZD found some support around 1.6780 (78.6% of the July-October advance). The return to the 1.6825/60 area will likely provide selling opportunities.
Last week EUR/USD met resistance of the descending 50-week MA (currently at 1.1188).
Parliament Brexit Vote is the major event that will affect not only the British pound but market sentiment in general.
The economic calendar signals pressure on the GBP and the JPY due to the central banks' meetings.
Inflation data may affect the direction of the British pound and Canadian dollar.
Markets are calm due to the upcoming year-end.
Last week was quite eventful indeed, and now we are looking forward to a calmer week…What surprises do we need to expect from the market?
Flash Manufacturing and Services PMI releases will affect the EUR, GBP, and USD.