Market Overview

ForexLive North American Wrap: Fed Stays on the Sidelines


No substantial changes in FOMC decision
UK's Cameron hints at strong GDP numbers tomorrow
Draghi frets about deflation
US Sept new home sales +5.7%
Canadian house prices rise 3.6% year-over-year
BOC lowers growth expectations, says rate hike 'less imminent'
EUR rallies on Greek draft MOU leak
Treasury chief: International investors have been buying Spanish debt
Kyoto: Japan considers Yen 400 bln stimulus package
Greek FinMin: Troika report complete, more or less
Markit US flash PMI rises to 51.3 in October from 51.1 in September
Schaueble: German economy cooling
Sweden affirmed AAA by S&P
US govt sues BofA
Gold falls below $1700
S&P 500 down 0.3% to 1409
AUD leads, EUR lags

The euro got an early lift from the MOU leak, perking up to 1.2984 but it sagged back down to 1.2940 as risk appetite fizzled. The US session was entirely within earlier European trading.

Cable rallied after Cameron hinted at 'good news' tomorrow, when GDP numbers will be released. Bids ahead of 1.6050 have stalled the rally so far.

The 'less imminent' comment from Carney boosted USD/CAD to 0.9957, wiping out most of yesterday's losses.

The FOMC decisions was a non-factor. A few pairs chopped 10-15 pips but overall movement was miniscule and fleeting.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Forex Economics Markets


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