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USD: Chicago Fed index and existing home sales in perspective – TDS

FXStreet (Delhi) – Research Team at TDS, suggests that the Chicago Fed national activity index is expected to rebound modestly to a flat reading in October (from –0.4).

Key Quotes

“We will also receive the existing home sales report for October where we are broadly in line with the market in expecting a decline from 5.55M units to 5.43M. Neither data releases are expected to be market moving especially ahead of a holiday shortened week with US Thanksgiving.”

AUD: Short-squeeze pushed the Aussie higher - BBH

Research Team at BBH, notes that the Australian dollar rose a little more than 1.5% last week and technically, we think a short-squeeze succeeded in pushing the currency above a downtrend that triggered ascending stops.
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EUR/USD sidelined near 1.0620 ahead of US data

The common currency remains unable to spark some buying interest at the beginning of the week, taking EUR/USD to the 1.0620 area so far...
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