In contrast to the Euro-zone manufacturing, the U.S. manufacturing activity is forecast to register another month of expansion with a reading of 53.3 in December, compared with 52.7 in the previous month.
USD- U.S. FOMC Meeting Minutes, a detailed record of the Fed’s meeting offering insights on future monetary policy and economic outlook Tues., Jan. 3, 2:15 pm, ET.
The Fed has been very clear on where they stand on future monetary policy and the economy. Expect the minutes to confirm the Fed’s cautious economic outlook and the commitment to continue their accommodative monetary policy with QE3 ready to be deployed if economic conditions deteriorate or if the EU debt crisis takes a turn for the worse.
Trend Trader For Forex Trading on Tuesday, January 3, 2012
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