EURUSD
In the short term, we expect the USD to gain ground. The market expectations of tapering have been postponed to March – and even later – which can be changed by a few better macro figures from the US. (Our economists still call for a January taper.) The weaker payrolls in September may still be revised as they used to in previous years. Various short-term indicator models suggest that the EURUSD has overshot. This EURUSD story alongside updated stories on QE3 and its effect on EURUSD, BRL, NZD, NOKSEK, EURNOK, EURSEK and lots of market quant.
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Nordea