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Forex Americas wrap: Euro lets out a shriek

Forex headlines for October 31, 2013:
•. Initial jobless claims 340K vs 338K
•. Chicago PMI 65.9 vs 55.0 but caveats apply
•. Canadian Aug GDP +0.3% vs +0.1% exp
•. Numerous banks make calls for ECB to cut rates next week
•. BOE’s Weale says unemployment has surprised in the past, could do it again
•. Rand Paul throws in the towel on Yellen blockade
•. Gold down $20 to $1324
•. WTI crude down 50-cents to $96.27
•. CAD leads, EUR lags
The euro fell the most in four months, plunging…
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mag 31 Paź

Thanks Anna

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What to do with the FOMC announcement

We have the usual hyped-up stand-off ahead of the actual announcement. Stop me if you’ve heard this before but I will be waiting to see what actually happens rather than get involved in a crap shoot prior ( and I choose my sporting reference carefully!)
The minutes from the last meeting showed the decision not to taper was a close call but the relevance of this stance has since been reduced/dismissed given the partial US govt shut-down and the less than accurate data releases since then.
So to t…
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stane2405 avatar
stane2405 30 Paź

my gut tells me that traders will still prefer to sell into that with the uncertainty = SELL WHAT ?? dollar?

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Both sides confident US house will pass bipartisan senate bill

Senior Democrat aide
  • Boehner calls senate leadership to say will vote first
USD picking up again.
USD/JPY has eyes on 99.00
EUR/USD down to 1.3473
GBP/USD 1.5904 and facing support at the big number
USD/CHF 0.9168
EUR/CHF walking around in a daze as usual and falls to 1.2349 from the highs at 1.2366
Stocks still holding the highs with the S&P reaching 1721. 1729 is the all time high.
Gold is holding steady just off the lows. at $1272
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mag 16 Paź

Thanks Anna

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Larry Summers withdraws his nomination. USD reacts!

Larry Summers has withdrawn his name for the job of the Chairman of the Federal Reserve This will be bearish for the USD as Summers was perceived in the markets to be in favour of a slightly faster ‘taper’ than the other prime contender for the job, Janet Yellen Wall Street Journal: Summers Withdraws Name of Fed Chairmanship USD is weaker on the news:
  • EUR/USD 1.3337
  • USD/JPY 98.94
  • AUD/USD 0.9312
  • GBP/USD 1.5910
  • USD/CHF 0.9276
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Tatiana_Tim avatar

good luck to Summers

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Currency Predictions for week of Sept 9-13th

EUR/USD Last Friday’s disappointing news regarding the Non-Farm Payroll (NFP) numbers in the United States continued to affect the EUR/USD currency pair. Specifically, the EUR/US rose by 0.56% in US trading on Monday. As investors are unsure whether tapering will begin in the US, they chose to avoid the US dollar. However, the European Central Bank (ECB) also recently lowered its economic growth forecast for 2014 and the President of the ECB, Mario Draghi, recently stated that he was cautious
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Haynes6EU avatar

Thank for your prediction :)

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