October 2011

Yen Recovers Some Overnight Setbacks; US Dollar Broadly Bid

The big event of the day has been the Japanese intervention which has helped to spark a broad based USD recovery. Looking ahead, we still see plenty of room for significant USD upside…

Higher EU Inflation and Unemployment Unwelcome Setback for ECB

Following the EMU bailout enthusiasm, new data shows that the Euro crisis is far from over and that the ECB is expected to have its hands full at its crucial interest rate meeting later this week…

Focus Turns Towards Central Banks, G-20 Summit

The Euro-zone debt crisis is on the sidelines – if but for a few days – as market participants eye key policy meetings as sentiment turns cautiously optimistic.

FOREX: Dollar Soars as Japan Intervenes, Traders Brace for Event Risk

The US Dollar is set to yield its strongest gain in three months as Japanese intervention amplifies profit-taking and repositioning before another busy trading week.

EUR/USD Classical Technical Report 10.31

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