The new week in the financial markets is influenced by long holidays: the US market is closed on Thursday for Thanksgiving. Consequently, price action across different asset classes remained muted. Most major currency pairs showed sideways movement. The Nasdaq set another all-time high, while the S&P 500 still lags, remaining below the high from December 2021. The US dollar consolidated, and the Japanese Yen declined amid weakening yields of 10-year bonds, even though Friday’s CPI from Japan was stronger than expected at 3.3%, against the forecasted 3%. The overall strength of the US stock market boosts carry ... (full story)