The Session ahead

• General mood is “risk off”
• Very quiet currency trade amid U.S. Thanksgiving holidays
• AUD/USD breaks down after Australian bids were pulled at lunch time

What’s Moving
If you thought yesterday was quiet, today added the Friday effect to it. Currency and metal markets were very quiet in Asia today, as local traders onboard the lack off offshore incentives overnight (amid the U.S. Thanksgiving Holiday) and add a lack of interest ahead of the weekend.
Early afternoon trade saw the AUD/USD dip slightly, with reports of Australian bids being pulled over the lunch break and someone hunting stops.
Late trade saw a small offer emerge on Sterling and European equity futures on concerns about the new (and apparently highly contagious) COVID variant.
Thoughts
Do not expect big swings in overnight trade with many U.S. players expected to take the four-day weekend and be off their desks tonight. The Aussie may be an exception however as it is currently testing lows from last August.
There is some data tonight, but we would be surprised if it caused any big movements. The data includes:

• German Import Prices (E: +2.0%), and
• Swiss GDP (E: +1.6%)

Have great weekends.