JPY crosses recovered sharply |
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Are short term highs in the USD and JPY behind us? Trichet signals rate ease next week from ECB. US Fed likely to cut 50 bps tomorrow. MAJOR HEADLINES – PREVIOUS SESSION US Sep. New Home Sales rose to 464K vs. 450K expected and 452K in Aug. Japan Sep. Retail Trade fell -0.4% YoY vs. 0.0% expected Australia Q3 NAB Business Confidence fell to -7 vs. -8 in Q2 Germany Nov. GfK Consumer Confidence rose to 1.9 vs. 1.5 expected and 1.8 in Oct. THEMES TO WATCH – UPCOMING SESSION Events Today: Sweden Read More...
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