EUR/USD enjoyed another week of gains during the holiday week, but could not sustain them, as the US is approaching the fiscal cliff. As a new year begins, volume and volatility are expected to rise. Manufacturing and service PMIs and employment figures are the highlights of this week. Here is an outlook on the main market-movers this week. In the US, politicians are working extraordinary hours, but there is still no deal in sight. A temporary solution could be reached to avert the cliff but keep the issue active. In Europe, French consumer spending, edged up 0.2% in November, but retail PMIs show weakness across the ... (full story)