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Monday November 2, 2009 - 20:13:36 GMT
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GVI Forex Discussion Points 2 November 2009 Eveningfrom GVI Forex Discussion Points
"The EURUSD moved higher on balance Monday as it followed equities following a trifecta of better than expected U.S. data. This will be an eventful week for data releases. Later an onslaught of central bank meetings will start with the monthly RBA decision. There is a good chance the RBA will hike its cash rate target by another 25bps to 3.50%. There will also be central bank decisions by the FED, BOE and ECB through early Thursday. None are expected to change rates. Talk about moves away from quantitative easing is expected, although some expect a final tranche of QE by the BOE on Thursday..."
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