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Forex Trading Outlook for the Week of November 2, 2015

Forex Trading Outlook for the Week of November 2, 2015

4 Years ago | October 31, 2015 00:00:00

 The month of November is likely to start off on an uncertain note after month end flows drove the dollar lower to end October but with limited follow through as EURUSD stalled below key resistance to end the week close to 1.10. This level should remain pivotal in a month that will be looking ahead to December when the FOMC and ECB meet amid a backdrop of diverging monetary policies. This suggests a limited upside to the EURUSD with volatility around economic data. In this regard, the key focus in the week ahead will be on the US October employment report.

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