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Weekly Trading Outlook Mar 21: What could a dovish FOMC mean for trading in gold, forex and oil this week?

It’s a short week for trading with a holiday Friday and a light news calendar. Because of this, the dovish turn taken by the Fed last week which sparked a downturn in USD and rallies on other currencies, stocks and oil may continue to drive trading action. Overbought conditions developing in a number of markets suggests, however, that we could see trading corrections this week so it’s not a time for complacency.