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December 9, 2016

FXGiants Report - Weekly Market Outlook of December 12th - 16th

This article is originally referred from FXGiants News.

FOMC, BoE, Norges Bank policy meetings, key data in focus

Next week’s market movers

  • The FOMC is widely expected to hike rates on Wednesday. The focus will quickly turn to the updated “dot plot”, the new economic forecasts, and Chair Yellen’s press conference.
  • Given that the UK data continued to suggest that the economy performed better than many expected following the referendum vote, we expect the BoE to keep policy unchanged again via a unanimous vote.
  •  We expect the Norges Bank to stand pat as well and maintain its neutral bias given well-above-target inflation, as well as the OPEC consensus and the recent advances in oil prices.
  • We also get key data from China, Japan, the UK, and the US.

You can read the full report of FXGiants’s market analysis in the below PDF.

Weekly Market Outlook PDF

Original Source: FXGiants News

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