The squeeze continues for the shorts in EURUSD as it recaptured the 1.2500 level on the back of yet further weaker than expected US data. It was as if buyers of the dollar had packed up early for Thanksgiving which will take the edge of today’s trading session and will suffer from very low volumes. At the same time we approach the end of the month and many investors might be looking to avoid what could potentially see a rise in volatility as the US goes on holiday. As we mentioned yesterday, today sees the OPEC meeting get into full swing after the “fringe” meeting that took place between some non-OPEC and OPEC members. This was significant in that it shows OPEC’s willingness to embrace the concerns of non-members, but at the same time it was surprising to see no common ground on a cut in production since Russia in particular is hurting from the fall in oil prices. It would also seem that one of the main concerns coming from this preliminary meeting is the US’s resurgent strength in oil production and that lower oil prices are actually in the interests of non-US producers as it has the potential to halt North America’s shale boom. So with indications that OPEC production will remain around 30 million barrels a day, any upside to the price of crude looks very limited. Also on today’s radar is unemployment data from Germany where the rate is due to remain at 6.7% and in between these figures is Eurozone consumer and business confidence, so we might see the euro get whipsawed around a little. Later on keep an eye on Japanese inflation data overnight as things have gone rather quiet for the Yen. Further reading: German unemployment falls 14K, but German state inflation looks bad EUR/USD Nov. 27 – Slipping below 1.25 as EZ inflation weakness counters US data weakness FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next ECB tentatively edges closer to QE in 2015; more EUR Justin Pugsley 7 years The squeeze continues for the shorts in EURUSD as it recaptured the 1.2500 level on the back of yet further weaker than expected US data. It was as if buyers of the dollar had packed up early for Thanksgiving which will take the edge of today's trading session and will suffer from very low volumes. At the same time we approach the end of the month and many investors might be looking to avoid what could potentially see a rise in volatility as the US goes on holiday. As we mentioned yesterday, today sees the OPEC meeting get into full… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.