The US dollar index reached 2 year highs, but eventually corrected. Are we heading for a retreat or a continuation now? US Retail sales, inflation data and Bernanke’s testimony before the US Senate are the highlights of this week. Here is an outlook on the events to shape Forex trading in the coming days.
Last week a big shift in US jobless claims was recorded with a 26,000 decline to 350,000 in jobless claims from a 376,000 in the prior week. However, this was probably and outlier due to one time effects. Another US jobs related figure pointed in the other direction. In Europe, new austerity measures didn’t convince markets, but at least Italy managed to lower its yields for a change. China’s growth slowed down, but also this figure seems optimistic. Let’s Start
Read the rest of the article [I][I][URL="http://www.forexcrunch.com/forex-weekly-outlook-july-16-20/"]Forex Weekly Outlook July 16-20[/URL][/I][/I]
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