Forex Market Updates & Commentary
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- University of Michigan Confidence Better Than Expected at 60.9 From a Survey of 58.0 and a Prior of 57.5
- Forex Weekend Wrap up TODAY at 11:00AM with Greg and Shawn
- Bobbys Corner-Open Market-October.28.2011
- US Data Released Weaker
- Fitch says 50% haircut would be a default event
- US Personal Income, Spending & Employment Cost Index Data Due at 8:30am
- EU wants an FX rate pledge from China at the G-20 meeting, according to and EU official.
- Swiss KOF leading indicator (Oct) 0.80 vs. 1.00 expected.
- EUR/JPY testing support @ 107.336
- Analysts at Investec say ECB will cut rates by 25 bps next week.
- EUR/USD consolidating between 1.41611 and 1.41934
- Eurozone Q2 household savings rate rises to 13.9% vs. 13.6% in Q1.
- USD/CHF developing short-term trend line support
- Goldman Sachs economists say a Chinese reserve requirement cut is unlikely, may grow 8.6% in 2012.
- China vice fin. minister sayas sees China as an important investor in the EFSF.
