Forex Crunch Forex Weekly Outlook – Oct. 31-Nov. 4

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Forex Weekly Outlook – Oct. 31-Nov. 4 Posted: 29 Oct 2011 02:00 AM PDT The US dollar dropped sharply as the euphoria from Europe replaced fear. Will this continue? The upcoming week is very busy: rate decisions in the US, the euro-zone and Australia, the G-20 Meetings and Non-Farm Payrolls. Here is an outlook on the major market-movers ahead. Last week the US economy grew at an annual pace of 2.5% in Q3 2011, slightly higher than the 2.4% growth expected and US weekly unemployment claims also came close to the 400K predicted with a reading of 402K. Meanwhile Progress on Europe’s debt crisis achieved at the EU summit in Brussels when Italian Prime Minister Silvio Berlusconi presented a plan of economic reforms in reply to the EU ultimatum demanding swift action to boost growth and reduce Italy’s huge public debt. Greece will be under close supervision while implementing the required reforms and in turn the bailout deal to Greece will wave off 50% ofGreece’s bond debt to banks. Will this dramatic week be a turning point for the EU economy and how will this affect global markets? Read the rest of the article Forex Weekly Outlook – Oct. 31-Nov. 4

Forex Links for the Weekend – October 29 Posted: 28 Oct 2011 01:22 PM PDT A very exciting week with a roller-coaster EU Summit and the US GDP is behind us. The upcoming week promises to be even more busy. But be before we move forward, it’s the weekend. Here are some forex long term reads. Enjoy! Has the EU Summit indeed ended with a great success? It seems like the big compromise and not the comprehensive solution many had expected for. The rally has limits. Read the rest of the article Forex Links for the Weekend – October 29

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