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Forex Weekly Outlook Jul. 28 – Aug. 1

From forexcrunch.com

The US dollar advanced nicely in a week that saw mixed data. A triplet of top tier US events dominates the scene: Q2 GDP, the Fed meeting and the Non-Farm Payrolls. There are other important indicators in the US and elsewhere. Here is an outlook on the major events coming our way. Geo-politics continued to dominate the headlines, but this time it didn’t help the yen too much. We received mixed signals in the US. For example: jobless claims reached an 8 year low but bad news came from a big drop in new home sales. All in all, the US dollar emerged as a winner. The euro continued to deteriorate but some positive PMIs ... (full story)

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