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* The US economy shows signs it is rising from the ashes
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities
* Global Data Highlights

The latest economic data is showing some clear signs that the US economy could be roaring back to life after a weather-inspired slowdown in the first quarter. The list of positive data surprises last week included consumer confidence - it rose to its highest level since April - an upward revision to Q1 GDP and a spate of extremely strong housing market data; some economists now expect new home sales in the US to reach their highest level since before the 2007/2008 financial crisis. This helped to reignite the rally in the buck that had lost steam in recent weeks. The USD appreciated against all G10 currencies, and had some standout gains vs. the EUR, Swiss franc and Aussie dollar. So where will the buck go next?

This week will be crucial for the direction of the US currency. Some key data releases will be digested by the market including pending home sales, manufacturing ISM and the all-important NFP report.... Full text »


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