Review: The US: The US consumer confidence survey UMS came out at 71.3 against the estimate of 75. The reason for the decline is that consumers are now responding to the new taxes introduced in connection with the fiscal cliff agreement in early January. And given the increasing media focus on the debt ceiling and fiscal cliff to be decided at the end of February, we expect that consumers will become increasingly hesitant over the coming months. The US: Over the weekend, the Americans most
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EURUSD gives short-term sell signal