Tuesday October 13, 2009 - 19:30:08 GMT
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GVI Forex Discussion Points 13 October 2009 Eveningfrom... GVI Forex Discussion Points.
"Traders still trying to figure out what to do with the USD. Administration wants the currency fall to push exports. Commerce Secretary Locke indicated his goal is to support exports. Overseas complaints will mount. U.K. inflation weaker than expected. The data keeps door open to additional BOE QE. UK jobs data due Wed. German ZEW data disappoints. Say positive economic signals weakening. U.S. earnings season is here. USD/JPY 90.00 now a pivot point after Tokyo drew a 88.00 USD/JPY line in the sand. Orders apparently behind mid-afternoon spike..."
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