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Sentiment settles in for US Thanksgiving holiday
After weeks of dollar strength there have been slight signs of a near term retracement as the forex majors look to bounce back in the past day or so. However, this is still likely to prove merely short term and counter trend and could even give the dollar bulls a better entry. Sentiment is settling as attention of traders in the US turns more towards turkey and pumpkin pie in celebration of Thanksgiving for the next couple of days and this could leave markets with reduced volume but also increases the potential for spiky moves in markets. This was certainly not the case on Wall Street yesterday though as the traded ... (full story)