Thanksgiving, the market or to light.

<P> Before Thanksgiving, most investors uninterested, quiet trading limit exchange rate volatility. .Overnight U.S. dollar move higher in order to achieve three consecutive trading day rally, the dollar index during the last two months again to refresh the high point. .The euro is still heavy, the British pound followed. .</ P> <P> around Ireland all the news of the debt crisis remains the focus of the market on Wednesday morning, Standard & Poor's announced that the Irish long-term sovereign debt rating from "AA-" down to "A", short-term rating from ."A-1 +" down to "A-1". .S & P said while the country into the short-and long-term debt credit rating negative watch list. .But surprisingly calm market response, the euro yesterday morning did not fall. .Seemed to experience a series of bad news and "boring" surprises, investors have become "Rain or shine." .Also relaxed mood before the holidays, or diluted the pessimistic expectations. .</ P> <P> analysts say, the Irish budget planning difficult to pull the euro weakness. .Because the fundamentals do not change, estimates the euro will face downward pressure after shock; but if the market is the focus of a transfer, the euro also rebound opportunities, or the euro or maintaining low volatility. .The market is worried, Spain and Portugal to follow Ireland and Greece to apply EU aid, perhaps triggered a new round of risk aversion. .</ P> <P> On the one hand, Spain is Europe's most serious problem of the housing market, one of the countries. .As with Ireland, Spain, there are the housing bubble and the corresponding construction market overheating, a lot of excess capacity, a large number of vacant housing, the construction industry at risk. .2008 peak, the Spanish house prices rose more than 2.4 times in 2000, Irish house prices rose only doubled over the same period. .However, since the Irish house prices fell compared to 37%, Spanish house prices fell only about 10%. .</ P> <P> analysts say, overcapacity, weak economy, deflationary pressure, high debt and other reasons that the Spanish housing prices will continue falling for a long time. .With prices down, Spain's world-class bank's balance sheet will become the worst U.S. subprime mortgage issuing institution. .Together with the banking sector in Portugal, Spain, exposure to sovereign debt, banks can already envision the arrival of the wholesale end of the financial business. .</ P> <P> Korean conflict, the recent escalation of geopolitical tensions exacerbated the situation, one can not help but worry about the yen's prospects. .Fortunately, the recent performance of U.S. dollar against the yen is relatively stable, there is no sign of spike. .However, IGMarkets, senior market analyst in Chicago DanCook said that the current market, there are still many risks, he was bullish about the dollar. .Korean situation in the rest of the week within a few days of uncertainty inherent in the development or further boost the U.S. dollar against the yen. .</ P> <P> today's Thanksgiving holiday, the market or will spend the day flat. .U.S. investors are more fortunate, they can begin to face the turkey bites Imagine the scene tonight. .It is reported that on November 24, two were named "Apple" and "apple juice" in the California today became the nation's hundreds of millions of turkeys in the same lucky, the day before Thanksgiving, according to tradition, Barack Obama .They issued the "amnesty." .</ P> <P> Delta Financial Analysts believe that today is the United States and other traditional Thanksgiving four countries, the market or will spend the day flat. .</ P> <P> make some connection, although no further escalation of the Korean situation, but the future US-ROK joint military exercises in the western waters of the deterioration of the situation on the peninsula could become troublesome. .In addition, although the Irish austerity measures introduced on Wednesday, but it may make further slow down the process of economic recovery, these factors will make the market environment in which future shrouded in hedging. .</ P>.