Markets uninspiring ahead of Thanksgiving.....>

FOREX: Markets uninspiring ahead of Thanksgiving

-Ahead of the two day US holidays, markets look pretty uninspiring with most

major pairs respecting the recent ranges. Newsflow and data has been thin on the

ground so far in Europe, although there remains a nascent optimism on US-China

trade talks after Trump's 'finals throes' comment late yesterday. In addition,

coverage from WSJ sources supported the sentiment by suggesting there was a

major push on both sides to finalize the text of the agreement.

-Equities sit slightly higher, which has helped pressure the JPY. USD/JPY,

however, has had trouble topping yesterday's high which remains first resistance

at Y109.21. GBP was weak early doors, but has recouped the losses ahead of the

NY crossover. Focus remains on the YouGov MRP poll scheduled this evening at

2200GMT.

-There's a data deluge from the US Wednesday as the release are front-loaded

before the Thanksgiving break. GDP, durable goods orders, weekly jobless claims,

personal income/spending, pending home sales and the MNI Chicago PMI are all on

the docket. The Fed's Beige Book release is also due.