Forex Weekly Outlook Jan. 25-29

Jan. 25, 2016 4:45 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2014

PCM Brokers is a registered brokerage/clearing house with headquarters in Dubai, UAE and offices in Canada, UK and Mauritius. We are corporate members of the DGCX as well as Bourse Africa and regulated by SCA and FSC. Our flat hierarchy enables us to make quick decisions. Our size gives us much more flexibility making us an ideal broker for retail traders as well as institutional clients and partners. To ensure that our clients' interests are aligned with those of ours and as a principle we operate a true ECN model.

Market mood before it became better in a very busy week. Will the Fed and the BOJ go dovish? Apart from these rate decisions, we have GDP data from the US and the UK as well as other key releases . These are the main events on our calendar. Here is an outlook on the main highlights coming our way.

Worries about Chinese growth and further falls in oil dominated the scene during the week, with a strengthening yen and weaker commodity currencies. For the yen, things turned around on speculation for BOJ action and for the pound, things worsened when Carney came out in a very dovish manner. The euro dropped on Draghi's dovishness while the Canadian dollar escaped the abyss as the BOC refrained from further stimulus. The mood is improving on promises for central bank action. Will the Fed lend some support as well? Let's start:

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.