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Dollar to make the Turn ahead

The EUR certainly hogged most of the headline last week. It seems investors appear most bullish on the USD and JPY and overwhelmingly bearish on the EUR and AUD. US data continues to pleasantly surprise even with the Euro-zone believed to be entering or has entered its own recession. The FOMC meeting delivered no surprises. As expected, they kept policy unchanged with no mention of new communications strategies, discount rate cuts or of QE3. It was noted that key sections of the FOMC policy statement were identical to the statement issued on 2 November. With Europe under so much pressure it’s now a guessing game “when” QE3 is required!

Below are some highlights of last week:




ASIA Week in FX



  • Business confidence reports come to us from NZD and GER
  • Monetary Policy minutes are released in GBP, AUD and JPY
  • Inflation is recorded in GBP and CAD
  • GBP and NZD show us their Current Accounts
  • Building permits and Home sales are delivered in the USD
  • GDP comes to us from CAD and NZD
  • CAD announces its core-retail Sales while the US delivers Durables


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Dean Popplewell

Dean Popplewell [5]

Vice-President of Market Analysis at MarketPulse [6]
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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