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Chinese economic activity continues to rebound in October, GDP likely to grow 5.5 pct in Q4 2020

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

Bank of Thailand keeps key policy rate on hold at 0.50 pct

Gold steadies amid concerns over rising virus cases

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

U.S. Q3 economic growth unrevised in second estimate

Reserve Bank of India likely to stand pat in December

Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further

U.K. jobless rate rises to 4.8 pct in Q3 2020, labor market likely to deteriorate further in months ahead

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

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

U.K.’s headline inflation accelerates in October, likely to remain below 1 pct until Q1 2021

Gold prices ease as vaccine hopes offset worries about second coronavirus wave

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

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Daily outlook for EUR/USD: Nordea

Wednesday, February 25, 2015 7:02 AM UTC

Quotes from Nordea Markets:

-EUR/USD was trading in a narrow range before Yellen's testimony, in a consolidating triangle which risks breaking out any time - the downside would bring us to new lows (below 1.1098), while the break up would suggest a likely move above 1.1670 (50-day moving average).

-The upside move will likely be sharper and larger due to positioning. The narrow range continued after Yellen's testimony, and we're currently at 1.135. But have no fear, today sees another testimony which may affect the EUR - Draghi's to the European Parliament.

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Daily outlook for EUR/USD: Nordea

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