28 Oct 2013
Session Recap: Quiet start to a busy week
FXstreet.com (Córdoba) - Major pairs in the FX market consolidate within tight ranges Monday at the start of a week dominated by Fed's policy meeting and a slew of key US data.
The EUR/USD is trading little changed around 1.3800 while GBP/USD advanced modestly to above 1.6200. The yen is underperforming with USD/JPY trading around 97.60, while AUD/USD rose to a high of 0.9622 before being rejected by the 200-hour SMA.
During the New York session watch for US industrial production, pending home sales and Dallas Fed manufacturing business index.
Main Headlines in Europe:
Spain economy to grow as much as 1.5% in 2014 - El Mundo
European open: quiet data before ramping up through the week
Italy Business Confidence increase to 97.3 in October from 96.8 in September
Flash: What’s the sentiment around the EUR/USD today? – OCBC Bank and Commerzbank
UK: CBI Distributive Trades Survey – Realized plunges to 2 in October
The EUR/USD is trading little changed around 1.3800 while GBP/USD advanced modestly to above 1.6200. The yen is underperforming with USD/JPY trading around 97.60, while AUD/USD rose to a high of 0.9622 before being rejected by the 200-hour SMA.
During the New York session watch for US industrial production, pending home sales and Dallas Fed manufacturing business index.
Main Headlines in Europe:
Spain economy to grow as much as 1.5% in 2014 - El Mundo
European open: quiet data before ramping up through the week
Italy Business Confidence increase to 97.3 in October from 96.8 in September
Flash: What’s the sentiment around the EUR/USD today? – OCBC Bank and Commerzbank
UK: CBI Distributive Trades Survey – Realized plunges to 2 in October