Monday, 31 October 2011

FX European Briefing 10.31.2011

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MYFCXM Depositing Funds Trading Signals
Talking Points
  • US Dollar Rebounds, on Pace to Deliver Best Trading Day in Three Months
  • Stock Index Futures Decline, Hinting Risk Aversion to Keep USD Supported
  • Euro Zone CPI, Chicago PMI and Dallas Fed Index Headline Data Calendar  
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.

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