Open trading account 
Forex headlines for October 28, 2013:
USD/JPY gapped higher at the weekly open but chopped sideways from there. In US trading the range was 97.60 to 97.79 — not enough volatility to spark any kind of momentum. There is Japanese jobs and retail sales data on the calendar later
EUR/USD tried to liven things up. An early selloff challenged Friday’s low of 1.3770 but it was rebuffed and an afternoon surge hit some sleepy buy stops above 1.3800 on the way to 1.3810. The gains were short-lived the pair slumped back to 1.3785.
Cable was on the defensive all day and bottomed at 1.6125 as Europe was winding down for the day. A bounce in the US afternoon was snuffed out and the pound looks like it’s headed for a close near the lows at 1.6142.
The commodity bloc was pressured early with AUD/USD falling to 0.9555 from 0.9620 in a one-way move. It’s been a bounce and chop sideways since. Last at 0.9571.
- US pending home sales -5.6% vs 0.0% expected
- US Sept industrial production +0.6% vs +0.4% exp
- Dallas Fed +3.6 vs +9.0 exp
- Dijsselbloem: Weak Spanish economy pressuring banks
- BOE's Dale: Forward guidance policy depends on economic outlook
- Money market traders gearing up for ECB LTRO III
- Canada fin min: No intention of interfering in housing market for the time being
- S&P 500 up 0.1% to 1762
- WTI crude up 73-cents to $98.61
- Gold up $2 to $1353
- NZD leads, CHF lags
USD/JPY gapped higher at the weekly open but chopped sideways from there. In US trading the range was 97.60 to 97.79 — not enough volatility to spark any kind of momentum. There is Japanese jobs and retail sales data on the calendar later
EUR/USD tried to liven things up. An early selloff challenged Friday’s low of 1.3770 but it was rebuffed and an afternoon surge hit some sleepy buy stops above 1.3800 on the way to 1.3810. The gains were short-lived the pair slumped back to 1.3785.
Cable was on the defensive all day and bottomed at 1.6125 as Europe was winding down for the day. A bounce in the US afternoon was snuffed out and the pound looks like it’s headed for a close near the lows at 1.6142.
The commodity bloc was pressured early with AUD/USD falling to 0.9555 from 0.9620 in a one-way move. It’s been a bounce and chop sideways since. Last at 0.9571.