October 15 2013

In the trading room today: Will the USD Benefit from a Debt Ceiling Increase? As the October 17 deadline approaches, we examine today’s news headlines on the US debt ceiling negotiations between Senate Democrat and Republican leaders and ponder if the USD will be a beneficiary of a successful resolution of the US debt crisis, we analyze the latest trend developments in the EUR/USD currency pair, we take a look at the GBP/USD pair, we keep an eye on the USD/JPY pair, we highlight the market’s reaction to the UK CPI and the German ZEW Economic Sentiment Index, we discuss new forecasts from Bank of Tokyo-Mitsubishi and Morgan Stanley, and prepare for the trading session ahead.