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  1. #1
    Veteran Member Ammeo's Avatar

    Forex Weekly Outlook Apr. 14-18 !!!

    The US dollar had a terrible week, falling across the board. Can it stabilize now, or will the sell off continue? US retail sales, German ZEW Economic Sentiment, US Inflation data, Janet Yellen and US Haruhiko Kuroda speeches, Unemployment Claims and the Philly Fed Manufacturing Index are the highlights of this week. Here is an outlook on the main market movers coming our way.

    The greenback took a big hit following the relatively dovish FOMC minutes release where forward guidance was forsaken for a promise of low rates after the bond buying program ends. Fed Chair Yellen also surprised markets by saying that bond buying will finish in 6 months. However, later that week, the Jobless claims release was a positive surprise, plunging 32,000 to 300,000 claims, the lowest level since December 2013, indicating the US job market is on a solid growth trend. Will the US economy continue its growth trend after the QE is over? In the euro-zone, weak inflation data from France was dismissed. Strong industrial data from the UK boosted the pound, upbeat Australian data energized the Aussie and the lack of action from the BOJ fueled the yen.

  2. #2
    Specialist Member RCox's Avatar
    Weakness in the US Dollar is undeniable, but when we look at the fundamentals of the currencies that are being actively bought I think some major questions should be raised. The Euro is an easy sell at current levels, I also don't see how we can appropriately get might higher in the Pound.

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