The US economy is typically the most consistent driver of market behavior and thus the outlook for this week will be key to determining how the the global FX markets, indices and alike are going to perform. This week comes off the back of a jobs report which provided little in terms of volatility, which tells us lots about the expectations of the market. The feeling is that we are likely to see a taper in the coming meeting and thus the biggest market moves are likely to come with any announcement that put this taper into doubt. The major events to look out for this week are the retail sales and UoM consumer sentiment figures, both of which provide an insight into retail strength.
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