US Dollar to Face Lower Volumes, GDP, Housing, Confidence, and FOMC Reports
November 23rd, 2009 by
Event risk in the coming week will be contained mostly to the US dollar, as NAR US existing home sales, revised US Q3 GDP, US consumer confidence, the FOMC meeting minutes, and US durable goods orders will all be released. Meanwhile, the British pound will encounter potential revisions to UK Q3 GDP, but the overarching theme for the week may lie more in price action as US markets will be closed on Thursday for the Thanksgiving holiday and will close early on Friday. As a result, volumes will be lower than usual and this may contribute to either flat price movements or extremely choppy trade.
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US Dollar to Face Lower Volumes, GDP, Housing, Confidence, and FOMC Reports
Posted in Foreign Exchange |