What a rally on Monday night (Singapore time). U.S. home sales data was suprisingly weak. Markets took this data seriously and we can see price rocket on EUR/USD chart. This data will now make Bernanke's testimony on Wed more important as he will definitely be questioned by law makers on recent sub-prime fallout and a further slowdown in the housing market. More data will be release in upcoming days and I will be watching especially on Ben's speech on Wednesday.
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