Light data docket sets up mixed picture ahead of European trading

There isn’t much on the data docket to kick things off in the new week in European trading later. The dollar is trading more mixed on the day, with USD/JPY having earlier touched a low of 148.90 before holding around 149.15 currently – still down 0.2%. But commodity currencies are marginally lower against the greenback, as US futures are trailing for the time being.

That is setting up for a bit of a mixed picture as we await European morning trade, although gold is fancying its chances of a technical break as noted here. Considering the lack of key items on the economic calendar, we might be in for a more tepid and mixed mood session later in the day.

0900 GMT – SNB total sight deposits w.e. 24 November
1100 GMT – UK November CBI retailing reported sales

That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.