Thanksgiving thinned trade results in few.....>

FOREX: Thanksgiving thinned trade results in few fresh signals

-Markets were understandably quiet Thursday given the absence of US market

participants for the two-day Thanksgiving holidays. Very few major currencies

managed to see even half of their daily average volumes cross in futures

markets, resulting in few fresh signals across many asset classes. The greenback

had a middling performance, holding close to six week highs.

-Nonetheless, European equities generally fell as markets shied away from risk

following Trump's signing of Hong Kong protestor-supporting legislature. Making

matters worse, MNI interviewed China's former vice commerce minister, who stated

that the Hong Kong bill will remain a problem even after the first phase of the

US-China trade deal has been completed. CNH was offered throughout European and

US hours, but USD/CNH holds below the week's highs at 7.0457.

-US markets enjoy a half day Friday, keeping focus on the South Korean central

bank rate decision, German retail sales, French & Eurozone CPI and French &

Canadian GDP release. Speeches are scheduled from ECB's de Cos, Villeroy and de

Guindos.