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Forex Trading Outlook for the Week of August 10, 2015

Forex Trading Outlook for the Week of August 10, 2015

4 Years ago | August 07, 2015 00:00:00

The US July employment report has soldified a market consensus thatr the Fed will raise rates at the September 16-17 FOMC meeting. There is still more than a month to go and the decision remains data dependent but the bar seems set high not to raise rates. This should be dollar supportive although recent choppy price action suggests this is not a one-way street. In my outlook for the week ahead I point out key levels to watch.

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