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3 Things Moving the Forex Market This Week

Posted by TopstepTrader on January 28, 2018

The U.S. Dollar's rout continued in the past week, where it was impacted by political jawboning. This time, it was the U.S. Treasury Secretary, Steven Mnuchin, who seemingly reversed a 25-year-old strong Dollar policy

Mnuchin's statement was contradicted 24 hours later by U.S. President Donald Trump, who said that he would expect the U.S. Dollar to get "stronger and stronger" during an interview on CNBC. But that didn't help the Dollar recover much — and it fell to a fresh 3-year low. 

This week, eyes will turn back to the fundamentals driving the global economy: Tuesday's German CPI data, Wednesday's FOMC statement, and Friday's U.S. employment report. Here's why.

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Topics: Forex, Futures, Weekly Outlook, EUR/USD

3 Things Moving the Forex Market This Week

Posted by TopstepTrader on January 21, 2018

So far in 2018, the trend for a weaker U.S. Dollar has only continued. Last week, the Euro (EUR/USD; $6EH8) hit its highest level since December 2014.

But as we saw in 2017, forex trends can quickly change. There, the U.S. Dollar hit new highs early in January before abruptly turning around and entering a year-long downtrend. 

What's moving the forex market this week? 

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Topics: Forex, Futures, Weekly Outlook

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