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Forex Weekly Outlook November 7-11
Started:November 7th, 2011 (01:50 PM) by Quick Summary Views / Replies:523 / 0
Last Reply:November 7th, 2011 (01:50 PM) Attachments:0

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Forex Weekly Outlook November 7-11

Old November 7th, 2011, 01:50 PM   #1 (permalink)
Quick Summary
Forex Weekly Outlook November 7-11

An extremely busy week left the dollar stronger against its counterparts. A rate decision in Britain, employment figures in Australia and a speech by Ben Bernanke are the main events this week. Here is an outlook on the most influential market-movers lined up.

Last week, 80K jobs were added in the U.S. Although it was a bit under expectations, the drop in the unemployment rate and upwards revisions of previous data offered some hope. In Europe, the new president of the ECB decided to cut the rates by 0.25%in his first ECB meeting causing European markets to surge. However the political chaos in Greece over the EU bailout proposal keeps everyone edgy. Will Greece accept the bailout deal or quit the euro?

Letís Start
  1. Ben Bernanke speaks: Wednesday, 14:30. Ben Bernanke head of the Federal Reserve, will speak at the Federal Reserve Conference in Washington. He is likely to
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