Weekly Forex Trading Forecast: Liquidity Returns as Risk and Stimulus Trends Tremble
Last month, the Federal Reserve took a very sharp monetary policy turn when it announced the first ‘Taper’ of its open-ended stimulus program.
The Euro had its first down week across the board in several months as data from the Euro-Zone's second largest economy has created a short-term panic. Still, a patient ECB could pave the way for a Euro rebound by week's end.
Gold prices are markedly higher this week with the precious metal rallying nearly 2% to trade at $1236 ahead of the New York close on Friday.
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Written by the DailyFX Research Team. To sign up for a weekly e-mail with our currency outlooks, go to our page for forex news delivered to your inbox.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.