DON'T TRADE THE DIRECTION, TRADE THE MOVE
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Forex Weekly Outlook November 4-8
The US dollar soared on a not-so-dovish FOMC statement and the euro fell on a big drop in inflation in a very volatile week. The action is expected to continue in very busy week that starts the new month. Rate decisions in Australia, UK and the Eurozone, Employment figures in NZ, Australia, Canada and the US, including the all-important Non-Farm Payrolls are the main events on our calendar. Here are the market movers to dominate the forex market this week. The Federal Reserve maintained its “no-taper” policy as widely anticipated but didn’t alter the timeline for tapering and even removed the worrisome phrase ... (full story)
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- Pipomagic
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DON'T TRADE THE DIRECTION, TRADE THE MOVE