International News
EURUSD took an initial hit after the ZEW data yesterday falling below resistance at 1.3796, however worse than expected New Build Sales in the US saw the pair retrace and push back 1.3833, before finishing trading flat. The pair currently reside at 1.3840
For the USD all eyes will be on releases this afternoon for any potential change in sentiment. Industrial production and housing starts will be a focus, however there are also various Fed speakers, along with Fed Chair Yellen’s speech at the Economic Club. Yellen’s comments today are unlikely to diverge far from her recent statements so markets will likely look at headline figures for any change to consensus [...]
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