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My Forex Trading Forecast for the Week of January 25, 2016

My Forex Trading Forecast for the Week of January 25, 2016

4 Years ago | January 23, 2016 00:00:00

What a start to the year with the third week ending with some sighs of relief with oil and equities recovering and the fx market following as extreme risk off positions got unwound. This sets the stage for a week where the focus will be on 3 central bank meetings, the RBNZ, FOMC and BoJ as markets look for reasons to extend current retracements. Each central bank meeting has potential to move markets although the key focus will be on the FOMC to see if the Fed blinks on its 3-4 rate hikes this year with markets pricing in 1-2. This suggests some caution on the dollar upside ahead of it but as i show, EURUSD is not a beneficiary after Draghi put a March easing on the table,.<

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