The stock rally has resurfaced after a Durable Goods inspired sell-off. Eur/Usd has also rallied impressively, helped in part by the Cable buying mentioned by Gerry. Real money offers were seen twice so far today in the 1.3270 region, but they have now stepped aside as Eur/Usd has reached 1.3285 so far. Next resistance is up at 1.3300.
Data wise we have US March New Home sales data due on the hour with economists estimating a 340k figure after February’s 337k.
