We expect a drop in market activity on Friday - in the US due to Thanksgiving.
On Wednesday evening, the Federal Reserve released a Beige Book report on the state of the US economy. This report comes out exactly two weeks before the Fed's decision on rates.
The Beige Book report is compiled based on surveys conducted by 13 Fed regional banks among businesses and households on the current state of the economy and prospects.
General condition: The economy is growing, but slowly or not at all. There is no growth in most counties. But the number of counties where there is growth has increased compared to the previous period.
Real estate sales are not growing, but the volume of construction is growing.
Labor market: Diverse - there is growth in some regions, there is no growth in others, there is a slowdown in some. The slowdown is most noticeable in industry.
Problems in agriculture - adverse weather and low prices.
Inflation is low.
P.S. Our conclusion is that we are seeing a slowdown in the US economy. Fed rate cuts may occur.
EURUSD:
We are ready to buy from 1.1035.
We are ready to sell from 1.0985.
