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  1. #1
    Veteran Member Ammeo's Avatar

    Forex Weekly Outlook Mar. 24-28 !!!

    Forex Weekly Outlook Mar. 24-28
    The US dollar had a successful week, rising against most currencies thanks to a hawkish move from the Federal Reserve. German Ifo Business Climate, Inflation data in the UK, US consumer sentiment and housing data as well as jobless claims are the highlight events . Here is an outlook on the main market-movers this week.

    Fed Chair Janet Yellen, hinted about a rate hike in the spring of 2015 causing a multi-layered USD rally. Positive US data released at the end of last week backed the Fed’s intentions. Philly Fed Manufacturing Index rebounded to 9 points in March. Furthermore, US weekly unemployment claimsrose less than expected to 320K, continuing the recovery process in the US labor market. But are we seeing a serious change or will her words be watered down? The biggest victim was CAD, which reached a new multi year low, and also GBP/USD suffered. EUR/USD was also hit by disappointing German data. The yen enjoyed the Ukraine crisis and the kiwi showed its own strength.

  2. #2
    Senior Member Deanfx's Avatar
    I think the hawkish statement of the Federal Reserve won’t last longer and this week we will see again weakness in the dollar that will be manifested with rise in the stock markets and commodities too. We are approaching end of the month and the prevailing trend will be intact at least till the end of the month. So expecting not very dynamic first part of the week and much more dynamic second part of the week!

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