Promises of additional fiscal from the would-be US presidential administration enhanced the scope of improvement to the global stock market. The problematic assets of major US bank was guaranteed by Fed with initiative of another lending facility. This affected FX with the outcome of selling of USD and JPY rally on the other hand for a while but with uncertainty again marking the end of the last week.
Stocks are highly anticipated to draw much of the movements in FX for the coming week. Keep watching closely stock-related news. For EURUSD, both the strength as well as the weakness is supposed to unveil through the next week. If weakness is to be, then, the profitable zone may be toward 1.2450. If strength is there, then, the direction up to 1.3100 may become profitable. JPY strength may also be one of the suppositions. For GBPUSD, higher 1.5100 might occur as a recovery to the pair, and above 1.5600 might come into as a strength.
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