Today is Thursday and the United States are celebrating one of their most important national holidays - Thanksgiving. On this day trading platforms do not work in the US because of the volatility of reserve currency which now depends only on external factors.
Last night minutes from a Fed meeting were published: despite the poor performance of inflation, officials believe the need to increase interest rates next month. At the moment the unemployment rate is at a 16-year low but inflation is still unable to reach the target level of 2%.
In Japan, financial markets are also closed for a holiday.
Yesterday we received data on the business activity in France and Germany that showed an acceleration of economic growth in the euro area. Against the background of this news the EUR/USD pair started to show strong growth and approached a monthly high, reaching 1.1845.
Today an ECB meeting will be held on protocols conduct of monetary policy and the ECB member Benoit Coeuré will give a speech.
