Forex News
US September Consumer Prices Rose 0.2% in the Month and 1.2% for the Year
US consumer prices rose 0.2% in September 2013, thereby matching market expectations and following similarly modest increases of 0.1% and 0.2% in August and July, respectively.
Macro Viewpoint: Moderate pick-up in Norwegian retail sales
Retail sales slightly up in September after a weak summer Trend is more or less flat Small drop in LFS unemployment
Morning FX Market Commentary
Dollar higher on position squaring Dollar gained ground, as FX investors re-positioned to a more neutral stance ahead of the FOMC meeting.
US Consumer Confidence Plunges in October; Existing Home Prices Rise in July
US consumer confidence fell sharply to 71.2 in October 2013 from 80.2 in the previous month. Market expectations had been for a reading of 76.0.
US September Retail Sales Dip Lower
Retail sales in September 2013 unexpectedly fell 0.1% in the month partially retracing the 0.2% increase in August.
Morning FX Market Commentary
Sideways trading Uneventful session kept EUR/USD and EUR/GBP nearly unchanged yesterday.
RBA Governor Jawboning the AUD Lower
* Markets should prepare for the “tapering” shift by the US Fed in coming months.
US Industrial Production Jumped 0.6% in September as Utilities Output Surged
US industrial production (IP) rose a stronger than expected 0.6% in September 2013 following an unrevised 0.4% gain in August and a 0.1% dip in
FOMC preview: dovish tone and no change in policy
* The weak trend in job growth over the past three months coupled with what appears to be a general loss of momentum in economic activity recently has shifted our expectation for
Macro Viewpoint: Continued weakness in Swedish foreign trade
Foreign trade continued to deteriorate in September and came out weaker than we had expected. Exports of goods declined on the month,
Morning FX Market Commentary
Sideways trading at end of last week EUR/USD set a minor new high in early Asian trading, but the move stalled later on.
China Economic Comment
As the Chinese economy enters a transitional phase in its development, many are now questioning what this will mean for its future economic performance.