Forex Consulting

Credit Agricole still likes euro longs

Euro subject to upside risks from eurozone inflation data on Thurs Credit Agricole CIB FX Strategy Research discusses its bullish EUR outlook, while holding long EUR/USD position* from 1.1770 targeting 1.2200 and long EUR/CHF position* from 1.1320 targeting 1.1800.  Copyright 2015 Forexlive.com

Forex Consulting

US October new home sales 685K vs 625K expected

Highlights of the October US new home sales report from the Census Bureau – was 667K – 10-year high in new home sales – Median sale price $312,800, up 3.3% y/y Sales rose 6.2% in Oct, much better than the 6.3% contraction that was expected. This is the second-consecutive strong reading. Copyright 2015 Forexlive.com

Forex Consulting

US events on the economic calendar this week

It’s a busy week on the calendar This Friday will be the first Friday of a new month but it’s a rare one that skips non-farm payrolls. That’s delayed until Dec 8 but in the interim, there are a series of reports that will be sure to move markets. Copyright 2015 Forexlive.com