Markets thin and dim for Thanksgiving.........>

FOREX: Markets thin and dim for Thanksgiving

-Price action's been thin, with most major pairs sticking to their recent ranges

as volumes dip for Thanksgiving holidays in the US.

-GBP improved slightly just ahead of the midway point of the session as EU and

UK negotiators appear to have struck a fresh draft agreement in (somewhat) last

minute negotiations. The draft text is still subject to scrutiny and approval

from the EU27 before proceeding. GBP/USD rallied through the $1.28 mark on the

news but rallies remain shallow. EUR has benefited in sympathy, lifting EUR/USD

through $1.14.

-NZD is the underperformer in G10, falling against most others, as the recent

NZD/USD rally failed to take out the 200-dma at $0.6881. Bulls need a recovery

above here before considering further upside.

-The calendar's very thin, however a number of ECB speakers are due: Angeloni,

Weidmann, Knot, Visco and Mersch are all scheduled as well as BoE's Saunders.

News and price action is likely to remain thin, however, with US players

enjoying their Turkey.