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US: Busy week with FOMC in focus – TDS

FXStreet (Delhi) – Richard Kelly, Head of Global Strategy at TD Securities, suggests that the busy week for US will start off on a relatively quiet footing, with September new home sales expected to slip 1.3% to 545k.

Key Quotes

“Later in the week the market’s focus will fall on the FOMC meeting, where we do not expect the Fed to considerably change their current stance even as the language on economic data reflects slower growth momentum. Durable goods orders, Q3 GDP, ECI, and the ongoing debt ceiling showdown will also draw market attention later in the week.”

Friday’s rates cut was "reasonable and fully expected" – PBOC explains

Explaining the double booster shot announced unexpectedly on Friday, the PBOC wrote on its website on Monday, that such moves were "reasonable and fully expected" and differed in a big way from the easing programs rolled out by the US and Europe.
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AUD/USD keeps range around hourly 200-SMA

AUD/USD keeps the bid tone intact during the European hours, although stalled its recovery just ahead of the hourly 200-SMA located at 0.7261 levels.
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