Tuesday 18 October 2011

FX European Briefing 10.18.2011

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MYFCXM Depositing Funds Trading Signals
Talking Points
  • FX Markets Yield Muted Response to RBA Minutes, Chinese GDP Report
  • UK CPI, German ZEW Data Unlikely to Stir Much FX Market Volatility
  • S&P 500 Futures, EU CDS Rates Point to Renewed Risk Aversion Ahead  
Dollar, Yen Likely to Extend Gains as Stock Markets Drop Anew

The safe-haven US Dollar and Japanese Yen corrected lower overnight but appear poised to resume their advance as risk aversion grips markets in Europe.

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