Forex technikal and fundamental analysis: Forex Crunch Forex Weekly Outlook December 19-23

Dec 17, 2011

Forex Crunch Forex Weekly Outlook December 19-23

Posted: 17 Dec 2011 02:00 AM PST

The US dollar reached levels last seen in January, as the European troubles continued. The week before Christmas will likely see lower volume, but there still quite a few interesting events on the agenda, with US home sales and durable goods orders being the highlights. Here is an outlook for the main market movers awaiting us this week.

Last week US unemployment claims dropped to a three year low with 366,000 initial jobless claims suggesting a real recovery trend in the job market. Another surprise coming from the Euro-Zone with an unexpected improvement in the PMI; French Flash Services rose above the 50 point line and Germany service sector expanded to 52.7 from 50.3. Will these encouraging trends continue this week? Let’s Start

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