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Forex Trading Outlook for the Week of December 14, 2015

Forex Trading Outlook for the Week of December 14, 2015

4 Years ago | December 12, 2015 00:00:00

Global markets will enter the new week reeling from a risk off finish with the sharp drop in oil prices (note the weaker CAD) sending ripples acrtoss the board. This has seen USDJPY lead and EURUSD test 1.10+, the latter confounding the chorus of calls for parity just over a week ago. This sets the stage for the long awaited FOMC meeting on Wednesdaqy where a rate hike should be discounted and a dovish statement expected to accompany the decision. In any case, EURUSD 1.10 will likely set its tone going forwards.

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