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Forex Weekly Outlook Dec 30-Jan 3
The first holiday week ended up being not that quiet, with some strong movements and new lows for the yen. US Pending Home Sales, consumer confidence, unemployment claims are the highlights of this week. Here is an outlook on the major events closing 2013 and starting 2014. In the last days before the year ended, the US released a batch of positive indicators, backing the Fed’s decision to taper its asset purchase program just before the holidays. The first piece of good news came from durable goods orders, surging 3.5%, amid growing demand for a range of goods. The high reading was way above the 1.7% increase ... (full story)