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Archive for October 7th, 2013

Market Taking Stock Of Stocks For Dollar Direction

Capital markets are still waiting for common sense to prevail. It's the most basic of ingredient that is required by Washington to resolve the federal budget impasse and to tackle the federal debt ceiling debate whose deadline for many is becoming too close for comfort (October 17th). Some members of

US Funding Deadlock Boosts Fears

The risk-off sentiment weighs on the financial markets as no progress has been made in US regarding the budget deadlock. The fears on a potential US default and the pessimist scenarios are reflected through high volatilities. Euro and sterling pare Friday losses against USD, the selling pressure on JPY crosses

Dollar Slips Amid U.S. Budget Stalemate, Aussie Falls As World Bank Cuts China Growth Forecast

Investors were unnerved by the U.S. budget shutdown standoff, keeping the greenback stuck close to 8-month lows against a basket of major currencies on Monday. The political impasse that shuttered the federal government spilled into its second week Monday, with only one sign of a breakthrough, as House lawmakers Sunday

European Market Update

The USD was a touch softer in the session as the partial US govt shutdown entered its second week. The Oct 17th deadline to raise the debt ceiling will be a key date in the standoff. Overall the market holding a view that the US situation will find a resolution.

European Market Update

The USD was a touch softer in the session as the partial US govt shutdown entered its second week. The Oct 17th deadline to raise the debt ceiling will be a key date in the standoff. Overall the market holding a view that the US situation will find a resolution.

Morning Forex Fundamental

Change in the price of goods sold by German manufacturers turned into negative territory unexpectedly in August, amid growing uncertainty about the coalition government, German statistics office said Friday. According to Destatis figures, German producer prices fell 0.1% on month in August, at the same pace as in July, while
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