Forex Week In Review October 8th to October 12th

IntelligentHQ Forex Week In Review In Association with OANDA Corporation

by Alfonso Esparza

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Week in FX Europe Spain holds on Bailout Request

Last week Spanish Finance Minister de Guindos stated that Spain doesn’t need a bailout. That statement was met with laughter, but to his credit Spain has not asked for a bailout, this week. During the IMF – World Bank forum in Tokyo this week de Guindos made sure to dispel the rumors in the market about any political pressure on Spain not to ask for the bailout.
EUROPE Week in FX

Week in FX Americas VP Debate Heats up Election

The US stock market closed at a loss as earnings season continues. The market’s attention has been focused on two topics: The US election and the European Crisis. Not getting as much airtime as last time is the budget deficit. The budget deficit this year is the fourth largest since WWII clocking in at USD 1.09 trillion, but an improvement over 2011 where it was USD 1.3 trillion. The fiscal cliff for this year is $1.2 trillion in spending cuts
AMERICAS Week in FX

Week in FX Asia Chinese Household Confidence Falls 

A survey by Bank of Communications Ltd, one of the major state-owned banks in China, revealed that Chinese households expect the next six months to show a reduction on their income. Questions around employment prospects and unemployment rate were responded negatively by more than half of the participants. Willingness to invest in China has declined as the effects of an economic slowdown start to trickle down.
ASIA Week in FX


WEEK AHEAD

  • ALL IMF – World Bank Annual Meetings
  • CNY Consumer Price Index
  • USD Advance Retail Sales
  • AUD Reserve Bank Board – October Minutes
  • EUR Euro-Zone ZEW Survey
  • EUR German Consumer Price Index (YoY)
  • USD Consumer Price Index
  • GBP Bank of England Minutes
  • CAD Consumer Price Index

 

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