Maintaining the theme of the week, markets saw little reaction to the poor German Ifo Index release yesterday and the better than expected U.S. durable goods orders. EUR/USD continued to trade around $1.13, GBP/USD remained steady at $1.32 and USD/JPY hovered near 100. The focus on the morning ahead is Janet Yellen’s eagerly awaited speech where markets are expecting to receive a much clearer view for the outlook of U.S. monetary policy in 2016. Markets are not expecting a rate hike until the beginning of next year so any hawkish signals given from Yellen could see the dollar strengthen.Read the full report
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