03/13/2016 - Fed on deck after ECB hits a "ground rule double"

* Fed on deck after ECB hits a "ground rule double"
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities
* Global Data Highlights

As everyone expected, the European Central Bank's monetary policy meeting was the marquee market event of last week, even if the market's interpretation of its meaning repeatedly flip-flopped over the last 36 hours of trade. To use a baseball analogy, the ECB meeting was like a ground rule double, where the batter hits the ball deep into the outfield, only to see it hit the ground before bouncing over the fence; the ECB swung with all its might and it initially looked like it had hit a home run for the bears, but later in the session, the market momentum ended up reversing course, leading to a disappointing result (euro strength) for the ECB.

This week, the Federal Reserve will step into the batter's box and thankfully, a much clearer market outcome is likely. While some optimistic economists are still holding out hope that the US central bank will increase interest rates this week, the market has essentially priced out that possibility. Though no change to monetary policy is likely... Full text »

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from FOREX.com's Weekly Strategy http://www.forex.com/weekly-forex-research.html