Will the U.S. dollar start to move after the Thanksgiving holiday? We need to stay vigilant.

Will the U.S. dollar start to move after the Thanksgiving holiday? We need to stay vigilant.

27.11.2023

Last weekend, volatility in the U.S. dollar declined as markets operated on a shortened schedule following the day after Thanksgiving.USD/JPY traded within a very narrow range between 149.203 and 149.711, with prices locked in a stalemate just below the 150-yen level. Furthermore, on the 4-hour chart, USD/JPY is forming an ascending triangle above the 20-period moving average, so it will be important to watch whether the dollar begins to move following the Thanksgiving holiday.

Despite the fact that Germany’s third-quarter real GDP, released on the 24th, worsened by 0.1 percentage points year-on-year—from -0.3% to -0.4%—the euro rose against the U.S. dollar.The EUR/USD pair rose from 1.0894 to 1.0947, rebounding from the 10-day moving average (MA) line. On the daily chart, the RSI has touched 70, and on the weekly chart, it is heading toward 70, indicating a renewed upward trend. We will be watching closely to see if the euro’s rise against the U.S. dollar continues.

Today, at 3:00 PM, Germany’s Import Price Index; at 4:00 PM, Sweden’s Household Loans; at 5:30 PM, Hong Kong’s Trade Balance; at 8:00 PM, France’s Unemployment Figures; at 9:00 PM, Mexico’s Trade Balance;U.S. Building Permits at 10:00 PM, Israel’s Policy Rate and remarks by ECB President Lagarde at 11:00 PM, U.S. New Home Sales at 12:00 AM, U.S. 2-Year Treasury Auction at 2:00 AM, U.S. 5-Year Treasury Auction at 3:00 AM, and South Korea’s Consumer Confidence Index at 3:30 AM.We should pay close attention to whether the US dollar will start moving after the Thanksgiving holiday.

Past Market Reports

1. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 15.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

7. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

9. 09.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran