Holiday Cheer or Blues?

Another week of news has come and gone, and while many in the U.S. are settling in for the Thanksgiving holiday and priming up for the busiest shopping day of the year on Black Friday, but for the rest of the world it’s just another Thursday and Friday. The Forex markets don’t stop, and so the news keeps on coming in.

This week saw a wide myriad of reports from various economies, although things were relatively quiet compared to recent weeks. We’ll take this shift as a good thing, and hope it starts a trend. However, the biggest news of the week might be how retail sales are in the U.S. on Friday, November 28, and the following weekend. If they’re anything short of extraordinary, it could start a negative cascade that gives back most of the week’s gains.  This will definitely be something to keep an eye on.

The week started with a major plan by the U.S. government to bail out yet another bank, and the reports kept coming on in. So without further ado, here’s this Thanksgiving week’s week in review:

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