There has been a significant change in market tack in the past 24 hours. A whole string of factors have contrived to turn the market back towards the dollar with the euro under significant pressure. The dovish comments from the ECB’s Benoit Coeure, the dip into deflation in the UK and the stronger than expected Housing Starts in the US. A triple-whammy of good news and traders have really ran with it. Today is equally as important though for the near term market outlook as we need to see a series of confirmations on these markets to suggest that it was not just a flash in the pan. All too often in recent weeks the ... (full story)