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The US dollar edged up in a week full with mixed signals. The difference from many previous gains was that this wasn’t a flight to safety run, but rather a general advance of the greenback across the board. US Housing data, the FOMC Meeting Minutes and Durable Goods Orders are the main events this week. Here is an outlook on the major events to shape forex trading.

Last week, The Philly Fed Manufacturing Index partially rebounded from the sharp drop during June and July, reaching -7.1 points. The recent drops suggest a contraction trend in the US manufacturing sector. Meantime, the US Job market remained OK last week with a minor 2,000 increase in jobless claims to 366,000 remaining at low levels indicating the job market is recovering. Europe is contracting and Finland discusses a euro exit again, but the hopes for a Spanish aid request followed by a blitz bond buying from the ECB is keeping the euro balanced.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-weekly-outlook-august-20-24/"]Forex Weekly Outlook August 20-24[/URL][/I][/B]