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Forex Weekly Outlook June 11-15

, 06-09-2012 at 09:48 AM (455 Views)

The US dollar was on the retreat as hopes for global coordination won fears, at least for now. The upcoming week features US retail sales, consumer sentiment, a rate decision in Japan among other important market-movers. Here is an outlook on the coming events that will shape forex trading this week.

A Spanish bailout is being cooked, and at least for now, this “bailout lite” could be positive for markets. How will they react? Last week Ben Bernanke did not provide QE3 hints in his speech before the Joint Economic Committee, in Washington DC, despite his worries from the European market and the growing acuteness of the US debt-ceiling crisis. He also undermined the relatively positive figure of the US unemployment claims blaming it on seasonal adjustments after a warm winter.Will Bernanke continue to evade the QE3 issue despite growing signs of a slowdown in the US economy?

Read the rest of the article [B][URL="http://www.forexcrunch.com/forex-weekly-outlook-june-11-15/"]Forex Weekly Outlook June 11-15[/URL][/B]

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