Boris and Kathy Forex Weekly – 11-12-2017 – Crosses
December 10, 2017 9:56 pm
With four monetary policy announcements, the European Union’s Summit and a U.S. tax conference it will be crunch time for the forex market this week. Each and every one of these events could trigger big moves in currencies, but when they are all scheduled during a week with major news releases such as US retail sales, Eurozone PMIs, UK inflation and Australian employment we can be assured of larger than usual moves in currencies. With Friday’s non-farm payrolls report failing to spark fireworks, this may be the last hurrah before year-end flow takes over. The U.S. dollar ended the week stronger against all of the major currencies with the Canadian and Australian dollars leading the losses.
With four monetary policy announcements, the European Union’s Summit and a U.S. tax conference it will be crunch time for the forex market this week. Each and every one of these events could trigger big moves in currencies, but when they are all scheduled during a week with major news releases such as US retail sales, Eurozone PMIs, UK inflation and Australian employment we can be assured of larger than usual moves in currencies. With Friday’s non-farm payrolls report failing to spark fireworks, this may be the last hurrah before year-end flow takes over. The U.S. dollar ended the week stronger against all of the major currencies with the Canadian and Australian dollars leading the losses.
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