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Forex Weekly Outlook August 6-10
After pushing higher earlier in the week, the US dollar eventually finished the week lower. A speech by Ben Bernanke, employment data from NZ, Australia and Canada together with the US trade balance, are the main events this week. Here is an outlook on the most influential releases for the coming days. The ECB refrained from taking immediate action to try and stop the economic deterioration in the EU, and didn’t live up to the expectations he created. However, he clearly hinted on bond buying in the next few weeks, even full QE. This depends on the governments. After Spain opened the door, the mood improved. In the ... (full story)
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