Oct. 29: market news

October 29, 2013

EUR/USD slid to $1.3770, but still remained close to the 2-year high. The Fed begins a 2-day meeting today and economists are predicting that the policy makers will refrain from tapering stimulus. In the euro area watch for German Gfk consumer climate at 07:00 GMT. Data released yesterday showed that US pending home sales slumped in September, while industrial production kept growing at a bit higher pace. Later today don’t miss US retail sales figures at 12:30 GMT and consumer confidence at 14:00 GMT.    

GBP/USD tested $1.6063 before returning to the levels above $1.6100, but is still trading on the downside. Britain will release net lending for individuals data at 09:30 GMT. USD/JPY is trading in the 97.70/45 range, gravitating towards the lower part of the range. Japan released a bunch of positive data tonight. Retail sales rose by 1.8% m/m (forecast: 0.5%), while household spending grew by 3.7% y/y (forecast: 0.5%). USD/CHF met resistance around 0.8970.

AUD/USD extends the downside, falling by 70 pips to $0.9505 in the Asian trade. RBA Governor Stevens pulled the pair lower by saying that the “unusually high” AUD is not supported by the fundamentals. Stevens said the Aussie is likely to be ‘materially lower’ sometime in the future given the declining terms of trade. NZD/USD has followed the Aussie’s decline, slipping to $0.8260. USD/CAD is trading below resistance at 1.0450. Bank of Canada’s Governor Poloz will speak at 16:00 GMT.

Publication source
FBS information  FBS reviews

October 27, 2016
Brexit Barometer
The Brexit vote back in June taught markets never to take anything for granted and the same holds true for the upcoming US Presidential election. A poll lead for Trump in Florida yesterday, combined with some further revelations in the daily mud-slinging...
October 26, 2016
Sterling reversal
What we saw in sterling yesterday was instructive of the dilemma that may face other central bankers before long. Carney played down expectations of a further easing in policy before the end of the year, as was strongly suggested in August when they eased policy in the wake of the Brexit referendum...
October 24, 2016
Important economic events for the coming week
Monday, October 24, 2016 - JPY Small Business Confidence (OCT), EUR Markit/BME Germany Manufacturing PMI (OCT P), USD Markit US Manufacturing PMI (OCT P)...

OctaFX Rating
Fort Financial Services Rating
Vantage FX Rating
Tickmill Rating
Grand Capital Rating
XM Rating

OptionsXO Rating
TropicalTrade Rating
Beeoptions Rating
24option Rating
OptionRally Rating
Anyoption Rating