FX.co ★ Fundamental Analysis, November, 29 / 2011

The Friday after Thanksgiving Day, the largest U.S. stores are launching a series of bids, in what is called "black Friday", but not with the meaning usually given to the days when stock markets tremble .

This time, the black Friday (in other words means that the numbers went from "red", symbolizing loss, the "black" meaning profit) had a record retail sales, in part, served to you on Monday New York Stock Exchange re-sung, and the main contributors to gain ground actions.

Also contributed to the good business climate the commitment of European leaders put more emphasis on the recovery of their economies, and also to seek a sustainable solution to the problem of sovereign debts.

This complex picture in which the investor sentiment changes hour by hour, is also reflected in the currencies. A very bullish opening was followed by another move in the opposite direction of the euro, British pound, Swiss franc and yen.

In turn, driven by oil and gold, the Canadian dollar and Australian dollar also had a strong performance on the rise, attenuated toward the end of the American session.

While average European session on Tuesday, both the euro and the pound sterling and Swiss franc thrive against the dollar, waiting for the meeting of European finance ministers.

It is expected that at least they make an announcement encouraging about the crisis affecting the entire continent, and the expectation of the market leads to the purchase of risky assets.

Anyway, watching the two separate "gaps" that remain in the major pairs on Monday in the Asian session, and have not been covered, and with prices so far away from them, it is perfectly conceivable that by combining analysis fundamental technical, good news will not be leaving the meeting date.

Tuesday's U.S. session will report the importance of consumer confidence index issued by the Conference Board, at 10:00 Eastern.