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Key Fundamental Factors this Week (10/27-10/31)
In a light week of US fundamental factors, the USD was mixed. We also had some better than expected data in the Eurozone, but they were nothing to write home about. The EUR was still pressured. This week will likely shake up the USD with several data points and most importantly the FOMC decision and statement – markets believe the Fed will announce its intent to completely wind down QE. Monday (10/27) German Ifo Business Climate (October) Forecast: 104.6 Previous: 104.7 US Pending Home Sales (September) Forecast: 1.1% Previous: -1.0% Tuesday (10/28) US Durable Goods Orders m/m (September) Forecast: 0.4% Previous: ... (full story)