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Canada: Focus on existing home sales – TDS

In view of analysts at TD Securities, Canada’s existing home sales for December will provide the lone data release for Wednesday.

Key Quotes

“Preliminary sales data from Vancouver suggests another sizable pickup in regional sales activity even after rising 55.9% y/y through November, but results from the Toronto real estate board showed a modest pullback.”

“With the Bank of Canada monitoring for signs of froth in major housing markets, further acceleration in Toronto and Vancouver could raise red flags for those at the Bank and provide a more difficult environment to provide accommodation to the rest of the economy.”

EUR/USD still faces downside risks – UOB

FX Strategists at UOB Group still believe EUR/USD could be headed for lower levels in the next weeks. Key Quotes 24-hour view: “EUR was largely sidewa
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EUR/JPY Price Analysis: Stays close to 2020 highs near 122.80

EUR/JPY keeps pushing higher amidst the generalized better tone in the risk complex, managing well to keep business above the 122.00 mark so far this
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