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U.S. weekly jobless claims unexpectedly decrease

U.S. Q3 economic growth unrevised in second estimate

U.S. existing home sales rise above expectations in October

Swiss franc likely to gradually depreciate against euro in coming months

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

Swedish economic sentiment indicator rises in November

U.S. vehicle sales fall again in November

Philippine central bank keeps interest rate unchanged at 2 pct

United States building permits

Germany's unemployment exceeds expectations in September

U.S. House prices increase slightly in July

Canada's economy shows growth in July, but growth stalled in

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Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

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Daily technical outlook for EUR/CZK: Societe Generale

Thursday, February 19, 2015 10:57 AM UTC

Quotes from Societe Generale Cross Asset Research:

-EUR/CZK faced stiff resistance at the upper limit of a multiyear channel and formed a shooting star last month suggesting possibility of a pullback.

-Since then the pair has retraced towards its 20 month MA and more importantly it is approaching an immediate support level of 27.00, the 50% retracement from October 2013 lows. Monthly RSI is breaking below support hinting at further correction.

-If we drop down to daily chart, EUR/CZK has violated an upward channel and looks poised to drift towards 27.00, a break below which will mean a much deeper retracement towards 26.76.

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