LTG Goldrock Reviews... A lack of key economic news early this week.

US Consumer Confidence is the first piece of major high impacting news scheduled this week and it isn't released until 2am Wednesday morning Sydney time so I suspect the currency and stock markets will challenge the short term traders with some back and forth and range bound activity until we either get some high impacting news or we see the US 10 Year Treasury Yield move higher.

The USD is going to react to the upside if we see the US 10 Year Treasury Yield move close to 3%. Historically its long term average is well over 3% and if the US consumer confidence data is positive Tuesday along with Pending Home sales and other micro data we could see another rally on the USD.

Keep in mind this week will be a shortened week of trading in the US due to the Thanks Giving holiday that falls on Thursday which means Thursday and Friday will be slow days on financial markets unless something very unexpected happens.

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