USD Trading Outlook (29-10-2013)
It’s been another very quiet 24 hours in the FX market and the big storms in Europe undoubtedly kept many participants away from their screens. The RBA Governor will be giving a speech this morning and we should watch for headlines which might affect the AUD (no doubt he will try and talk it down a bit). I can’t help feeling that we are soon due for another big move and I expect the focus to remain on the USD; either big levels hold against the other majors or the greenback will fall another 5% before year’s end.
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