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Forex Weekly Outlook January 21-25
The US dollar regained lost ground against quite a few currencies in a busy week, especially for the yen. Rate decisions in Japan and Canada. US housing and employment data are the major events this week. Here is an outlook on the main market movers ahead. US economic indicators have generally been good: number of unemployment claims declined sharply to 335K, its lowest level since January 2008. Meanwhile the housing sector continued its strong rise with housing starts reaching 0.95 million, outweighing predictions. However, the Philly Fed Index plunged unexpectedly to minus 5.8 from plus 8.1, Will the US economy ... (full story)
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