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USDCAD TECHS

Still In A Bear Cycle

LATAM

Summary: USDBRL Extends Losses To Near 2%

AUDUSD TECHS

Needle Still Points North

US TSYS

Focus on Midweek BoC, ECB Policy Announcements

FOREX

EUR Crosses Come Under Pressure As ECB Beckons

US DATA
US DATA: Initial unemployment claims +20k to 245k in Dec 16 employment 
survey week vs 235k expected, putting claims above the recent trend. 
Volatility is common during holiday periods.
- The level of initial claims is only 5,000 above the 240,000 level 
in the Nov 18 employment survey week, so there is little to draw from 
the comparison for the Dec payrolls data.
- The 4-wk moving avg +1,250 to 236,000, and could rise further next 
week as the 238,000 level in the Nov 25 week drops out.
- Continuing claims +43,000 to 1.932m in the Dec 9 week.
- Labor said claims filings were still disrupted and still estimated in 
the Virgin Islands. Claims were also estimated in Maine.