ForexLive North American wrap: They had bears for dessert

Canada Oct CPI +1.2% y/y vs +1.1% exp Schaeuble: Confident on solution for Greece Rajoy says Spain wants Greek problem fixed next week Belgium business sentiment -13.4 vs -13.5 in October BOE not looking at alternatives to QE or funding for lending – Miles EU summit to discuss long-term budget called off – RTRS Van Rompuy sees potential for EU budget deal in early 2013 Hungary downgraded to BB from BB+ by S&P Gold +$23 to $1753 -- 5-week high S&P 500 +1.3% to 1409 EUR leads, USD lags Americans ate turkey for dinner on Thanksgiving but the market ate up the bears on Black Friday and spit them out. It was a one-way train with the US dollar and yen falling against everything else in US trading. There wasn't a clear spark for the moves so it remains to be seen whether they will continue on Monday. I warn that stocks gained every day this week, so the odds are against it. Have a great weekend.