Market Update
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Stocks came back strongly after the disappointing New Home Sales. New ≈ 13% of Existing Home Sales and Existing Home Sales were a lot stronger than expected on Friday.
European stocks should be well supported by the end-of-day rally in the US yesterday. Today’s Consumer Confidence could change that.
USD likely to weaken slightly today. GBPUSD about to break higher. Look out for CAD in the next couple of days – especially on Friday.
Focus on IFO figures today.
posted by GoldTrade @ 3:50 AM
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