European equity markets are at gains today and US futures signal a similar outcome ahead of the US initial jobless claims, consumer confidence and new home sales. The US fiscal cliff remains key for market sentiment over the next days as the year ends. Investors will be looking for headlines.
Meanwhile, it's been reported that Greek banks would need a total of €27.5B to recapitalize and recover from the haircut they took last March.
“EUR/USD has broken the strong resistance at 1.3172 (17/09/2012 high) and has, thus far, successfully tested the hourly support at 1.3144 (17/12/2012 low)”, wrote MIG Bank analyst Bijoy Kar, monitoring the test of the recent high at 1.3308 (19/12/2012 high).