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Forex Trading Outlook for the Week of December 7, 2015

Forex Trading Outlook for the Week of December 7, 2015

4 Years ago | December 04, 2015 00:00:00

The week ahead is likely to see a holding pattern with the market recovering from the EUR tsunami that swept away short positions and looking forward to the FOMC decision on December 16. There is a light economic calendar so little to move markets, which could leave the focus on U.S. stocks to set the risk tone. The other focus will be on crude oil as it battles around the $40 per barrel line. This suggests the forex market will be more of a follower than a leader and I lay out what will likely be the ranges. 

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