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EURJPY Correction to Favor Short Scalp Entries Sub-1.48 EURJPY reacted off key resistance last week with the recent rally vulnerable while below the 1.48-handle. Here are the updated targets & invalidation levels.
EUR/USD Rebound Vulnerable to Slowing German, Euro-Zone CPI The near-term rebound in EUR/USD may fail to carry into December as the weakening outlook for euro-area inflation dampens the appeal of the single currency.
EUR Short Covering Elusive as More Talk of QE Inspires Bears Fundamental pressures are preventing key technical levels from being achieved by Euro bulls.
EUR/USD Risks Larger Rebound on Dismal U.S. Durable Goods Orders Another decline in orders for U.S. Durable Goods may spur a more meaningful rebound in EUR/USD as it dampens the fundamental outlook for the world’s largest economy.
Japanese Yen May Rise as Year-End Capital Flows Begin to Emerge The Japanese Yen may rise as year-end profit-taking begins to emerge. The British Pound looks to revised third-quarter GDP figures to inform BOE rate hike speculation.