Here's a guaranteed money making trade for this week. Short the dollar at 9:55 EST on Thursday. Osama Ben Bernanke steps in front of a microphone at 10:00 AM.
Forex Weekly Outlook –July 18-22
US Housing data, Euro-Zone German ZEW Economic Sentiment and German Ifo Business Climate and US Unemployment claims are among the big market movers this week. Here is an outlook on the major events ahead. Last week President Barack Obama pressured congressmen to resolve the impasse over the debt limit and fiscal policy by summoning Congressional leaders to the White House aiming to reach an agreement and present a full scale plan within the next few days. Will the US congress reach a resolution this week? Apart from the usual events, the beginning of the week will see a reaction to the stress tests published on ... (full story)