· US durable goods orders tumble, weighing on the US Dollar and DJIA throughout the day - EUR/USD dangerously close to record highs again. · The final release of US Q4 GDP could shake the markets up if the data is revised higher or lower. · Watch the 12,400 level for the DJIA - a close below would be quite bearish, a close above may be followed by gains toward 12,800. · As usual, risks are tilted to the downside for carry trades and US stock markets.
Stories to watch on DailyFX · Additional rate cuts by the FOMC are likely. Find out why in Watch What the Fed Watches. · ECB officials remain hawkish, supporting EUR/USD gains. Find out when they're saying in DailyFX Central Bank Speak. We love feedback! Send any comments or suggestions to tbelkas@dailyfx.com