Man Utd sign Swissquote as forex trading sponsor

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* New Man Utd sponsor Swissquote targets global fanbase

* English soccer club see potential for more tie-ups (Adds details from news conference)

By Andrew Winterbottom

MANCHESTER, England, Jan 26 (Reuters) – Manchester United have signed a sponsorship deal with online financial trading company Swissquote, expanding the commercial partnerships that have helped to make the English club one of the richest teams in world soccer.

United did not give a value for the deal, the club’s first in the sector, but said on Monday it was a multi-year agreement.

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Forex Market: EUR/USD trading forecast for Monday

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Friday’s trade saw EUR/USD within the range of 1.1113-1.1374. The daily low has also been the lowest level since September 9th 2003, when a low of 1.1055 was recorded. The pair closed at 1.1208, losing 1.39% on a daily basis. The cross fell 3.12% for the whole week, which marked a sixth consecutive weekly loss.

Fundamentals Euro area German Business Climate Index Business climate in Germany probably continued to improve in January, with the respective gauge rising to 107.4 from 105.5 in December. If so, this would be the highest index reading since July 2014, when the indicator came in at 108.0.

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Forex Market: EUR/USD Daily Trading Forecast

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Yesterday’s trade saw EUR/USD within the range of 1.1539-1.1616. The daily low has also been the lowest level since November 11th 2003. The pair closed at 1.1550, losing 0.47% on a daily basis.

At 7:59 GMT today EUR/USD was up 0.02% for the day to trade at 1.1555. The pair touched a daily high at 1.1588 at 6:15 GMT.


United States

Housing Starts, Building Permits

The number of housing starts in the United States probably increased to 1.040 million in December from the seasonally adjusted annual rate of 1.028 million during the prior month. November’s figure has been influenced by a 5.4% drop in single-family homes. Single-familyhousing starts in November were at a rate of 677 000, or 5.4% below the revised figure of 716 000 in October. The November rate for units in buildings with five units or more was 340 000, according to data by the US Census Bureau.

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