USD Trading Outlook (14-10-2014)
AUD/USD Did little in the NYC time slot after a higher open, and continues to flop to either side of the 200 hma at .8763. US short rates collapsed on the back of dovish statements from various Fed officials at the weekend’s IMF meeting, most notably Vice Chair Stanley Fischer who sees no inflation on the horizon, and set the USD back across the board (except for GBP). Still plenty of willing sellers around in AUD as many fear the bigger move in risk assets is down, not up. The next 50 pips in AUDUSD is a coin toss but with Nikkei set to open down hard (futures -2.1% at 14,975)
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