Trade Idea (2020-11-27) Wait & see in Thanksgiving Holiday

Trade Idea

Good morning.

Yesterday the US stock market was closed, and today (Friday) is Black Friday, which is not a holiday, but many people are closed and the US stock market will be shortened, with four consecutive holidays. Also, as the end of the month is approaching, be careful about rebalancing at the end of the month.

In the foreign exchange market, JPY was bought and GBP selling was dominant while the US market was trading thinly due to consecutive holidays. EURUSD temporarily rose to 1.194 and then reluctantly ended at around 1.191. USDJPY remained within the low 104 range, ending around 104.2.

EURUSD H1 (Please click the chart to enlarge.)

Market Environment

Yesterday’s currency strength

US market yesterday (last Friday)


Asian market today

Nikkei: 26,644 (+107)
CME Dow future: 29,888~(+15 Dow)

Economic indicators in this week

No important indicator today.