USD Trading Outlook (28-10-2013)
We’ve had a quiet opening to the trading week apart from a 30 pip spike higher in USD/JPY (caused by technical buying after the failure to close below the well-watched 200-dma). Risk appetite remains remarkably resilient across most financial markets and overall USD bearish sentiment is still intact. New Zealand is enjoying a long weekend thanks to their Labour Day holiday and the economic calendar looks quite bare.
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