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  1. #1
    Veteran Member Ammeo's Avatar

    Forex Weekly Outlook Apr. 21-25 !!!

    The pound and the dollar emerged as winners in a week that saw the euro and the yen retreat. US housing data, the rate decision in New Zealand, German business sentiment, US Durable Goods Orders and Unemployment Claims are the main highlights on Forex calendar. Here is an outlook on the market-movers for this week.

    The US economy emerged from the cold winter registering gains in retail sales and manufacturing activity as well as continuous improvement in the labor market. . The Philly Fed Index exceeded expectations in April, providing more evidence of a spring bounce. Overall, the US economy is steadily advancing. In the euro’zone, Mario Draghi managed to send the euro down in a Sunday gap, and the common currency never recovered. GBP enjoyed a sharp drop in the UK unemployment rate to reach new multi year highs. The kiwi stayed behind after weak inflation figures and the loonie took the other direction on positive ones.

  2. #2
    Specialist Member runneroption's Avatar
    Next week will be more interesting than the previous one in terms of economic data. It will be announced new home sales on Wednesday and Draghi speech on Thursday together with the US durable goods data. This will bring new interesting moves and volatility to trade on

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