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Forex Weekly Outlook December 10-14
The US dollar was on the retreat at first, but then made an impressive recovery, as the gloom returned. The main event of the upcoming week is the decision by Ben Bernanke. Will the Fed introduce more monetary easing? In addition, German ZEW Economic Sentiment, and the US Trade Balance are among the main market-movers this week. Here is an outlook on the coming events to shape forex trading. Last week Non-Farm Payrolls came out better than expected with a 146,000 job gain and a nice drop in unemployment rate, down to 7.7% from 7.9% in October, the lowest since December 2008. However these positive readings are ... (full story)