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Week in FX: Europe Nov 27-Dec 2

Markets have been trying to add risk as the hangover effect from central bank actions earlier in the week remains. However, it’s a rather tenuous relationship with next weeks Euro-event risk on everyone’s radar and Friday’s NFP labor participation rate been scrutinized. Germany’s Merkel says the EU is in a marathon, stating “the lessons are very simple: Rules must be adhered to, adherence must be monitored, non-adherence must have consequences. (Leaders have to) overcome fundamental flaws in the construction of the euro area.”   These fundamental flaws, if addressed and changed, will take years. Next week we get to see how serious Euro members are about been on the same ‘playing field’.  

Below are some other highlights of the week:


EUROPE

 

AMERICAS Week in FX [1]

ASIA Week in FX [2]

 

WEEK AHEAD

  • Central bank decisions come to us from AUD, NZD, BoE, EUR and CAD
  • CHF delivers its CPI outlook
  • Services and non-manufacturing PMI is released in CAD, GBP and USD
  • CAD gives us building permits and housing starts
  • AUD announces its GDP outlook and employment situation
  • Trade Balance in reported in USD and CAD
  • The week ends with USD’s Prelim UoM Sentiment

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

Dean Popplewell [7]

Vice-President of Market Analysis at MarketPulse [8]
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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