USD Trading Outlook (20-11-2013)
Messy, choppy markets are still the order of the day and neither fundamentals nor technicals seem to be driving the market. Headlines, like the one from the PBOC yesterday late-afternoon that they will expand the Yuan trading band, are influencing traders. The economic calendar has NZ PPI, Japanese trade data, and a speech by RBA’s Guy Debelle. The recent trend of very tight ranges followed by headline driven spikes is likely to continue.
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