Wednesday 26 October 2011

FX European Briefing 10.27.2011

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MYFCXM Depositing Funds Trading Signals
Talking Points
  • EU Summit Delivers Broadly as Advertised but Many Specifics Still Undecided
  • Japanese Yen Falls as Bank of Japan Expands QE Measures by ¥10 Trillion
  • All Eyes Now on US GDP Data as Global Growth Outlook Returns to Focus  
US Dollar Sold as EU Summit Outcome Boosts Market Confidence

The safe-haven US Dollar fell after EU officials reassured markets the Euro debt crisis will be contained after a summit in Brussels. US GDP data is in focus ahead.

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