OctaFX | OctaFX Forex Broker
Open trading account

US strikes deal to avoid debt default – TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, notes that the White House and lawmakers reached a deal to avoid a debt default, according to Bloomberg, extending the borrowing authority until March 2017, and likely to continue supporting Nov 5 and Nov 12 bills.

Key Quotes

“Durable goods orders will also come into focus, with headline orders expected to fall 1.3% m/m as ex-transport orders decline 0.6% m/m (market looking for a flat reading) and core orders slip 0.3% m/m (consensus at +0.2% m/m), reflecting generally softer investment intentions. October consumer confidence will also be closely watched, expected to slip to 101.2 from 103.0, reflecting a mild cooling in optimism.”

EUR/JPY keeps lows near 133.40

The better tone from the Japanese currency throughout the Asian session has prompted EUR/JPY to leave session tops and return to the 133.40 area...
Read more Previous

US: Durable goods and consumer confidence data in focus – Danske Bank

Research Team at Danske Bank, suggest that the US August data showed a moderation in growth and September durable goods order data will show whether this was a one-off or if order growth is coming down further in response to global weakness.
Read more Next
Start livechat