Talking Points:
- Euro May Rise as New ECB Stimulus Undershoots Forecasts
- Aussie May Find More Fuel in GDP Data Than RBA Meeting
- US Jobs Data, Yellen Testimony to Guide Fed Rate Hike Bets
Losing Money Trading Forex? This Might Be Why.
Currency markets face a perfect storm of volatility in the week ahead as high-profile event risk looms ahead. The RBA is expected to keep the target cash rate unchanged at 2 percent but the statement accompnaying the policy announcement will offer precious forward guidance. The ECB is widely expected to expand stimulus but the move may fall short of investors' runaway dovish speculation, sending the Euro higher. Finally, testimony from Fed Chair Janet Yellen and November’s US jobs report will guide the perceived probability of an FOMC rate hike in December.
--- Created by Ilya Spivak, Currency Strategist for DailyFX.com
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