US: Existing home sales likely to post 1.6% m-o-m increase in January - Nomura

Analysts at Nomura forecast a 1.6% m-o-m increase in US existing home sales to an annualized pace of 5660k in January. Key Quotes “Pending home sale
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EUR/USD weaker, 1.2300 looms closer ahead of FOMC

The sentiment around the European currency stays depressed so far this week and is now dragging EUR/USD to challenge the critical support at the 1.230
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