Congress to reach agreement on the U.S. budget and debt ceiling

بواسطة khaled بتاريخ Thursday, October 17, 2013 | October 17, 2013

Thursday, October 17, 2013 Labels:

U.S. dollar exposure to the selloff at the beginning of the European trading session due to the impact of selling mechanism News With the acceleration of earnings as a result of the news that the Chinese credit rating agency has lowered the U.S. credit rating from A-to A. Finally, lawmakers reached an agreement on the U.S. budget and debt ceiling extension, which allows 
the government to re-open its doors again. U.S. dollar and record highs after the House vote with trading the U.S. dollar / Japanese yen above the 99.00 level. With the passage of the trading day, the U.S. currency came under selling pressure accelerated at the beginning of the London trading session after reports of that credit rating agency Chinese "Dazhunj" have reduced the U.S. credit rating to A-from A. It was this procedure is part of the campaign, the Chinese extended to stop the U.S. control on global trade, where China is trying to reach the status of reserve currency, but that Alajae has provided an incentive for more Altseiel to the U.S. dollar, with EUR / USD to the level of 1.3630, while targeting the British pound 1.6100 and the Australian dollar approached the 0.9600 level. There are concerns in the market about the long-term impact of the U.S. government shut down the U.S. economy, but that the latest assessment from Standard & Poor's has stated that the United States could lose 0.65 of U.S. gross domestic product in the fourth quarter because of tensions in Washington. At least, the crisis shut down the government to ensure that the Fed will maintain its policy of quantitative easing this year has been unchanged maintains this until March 2014 before he feels U.S. monetary policy officials comfortable enough to stop the economic stimulus. It is likely to lead such a scenario to the U.S. dollar exposure for sale at the moment, especially if U.S. economic data showed significant weakness as a result of the political mechanisms during the past two weeks. One of the most positive aspects of the crisis, the U.S. government shut down is that this crisis has been resolved before the Christmas spending season and therefore this may have minimum impact on consumer spending in the fourth quarter. On the other hand led the high rates of consumer spending in Britain to the height of the British pound as British retail sales rise by 0.6% versus expectations of 0.5% reading. And recorded the basic reading of the retail sales and the reading excluding food and energy results exceeded expectations. Still sales Bastiina the strong foods, but the food sector was weak. In general, this is the third month of gains among the last four months and this indicates that the rate of U.S. consumer demand continued to expand positively albeit mildly. It is expected to be the British economic data today a good contributor to the growth rate of GDP British This is a good supporter of the British pound, despite the fact that the pair continues to face the resistance level at 1.6100 and a greater resistance at 1.6200. The continued rise against the U.S. dollar during the U.S. trading session, the Sterling rushes towards the 1.6150 level as the day goes on.




U.S. dollar exposure to the selloff at the beginning of the European trading session due to the impact of selling mechanism News With the acceleration of earnings as a result of the news that the Chinese credit rating agency has lowered the U.S. credit rating from A-to A. Finally, lawmakers reached an agreement on the U.S. budget and debt ceiling extension, which allows 
the government to re-open its doors again. U.S. dollar and record highs after the House vote with trading the U.S. dollar / Japanese yen above the 99.00 level. With the passage of the trading day, the U.S. currency came under selling pressure accelerated at the beginning of the London trading session after reports of that credit rating agency Chinese "Dazhunj" have reduced the U.S. credit rating to A-from A. It was this procedure is part of the campaign, the Chinese extended to stop the U.S. control on global trade, where China is trying to reach the status of reserve currency, but that Alajae has provided an incentive for more Altseiel to the U.S. dollar, with EUR / USD to the level of 1.3630, while targeting the British pound 1.6100 and the Australian dollar approached the 0.9600 level. There are concerns in the market about the long-term impact of the U.S. government shut down the U.S. economy, but that the latest assessment from Standard & Poor's has stated that the United States could lose 0.65 of U.S. gross domestic product in the fourth quarter because of tensions in Washington. At least, the crisis shut down the government to ensure that the Fed will maintain its policy of quantitative easing this year has been unchanged maintains this until March 2014 before he feels U.S. monetary policy officials comfortable enough to stop the economic stimulus. It is likely to lead such a scenario to the U.S. dollar exposure for sale at the moment, especially if U.S. economic data showed significant weakness as a result of the political mechanisms during the past two weeks. One of the most positive aspects of the crisis, the U.S. government shut down is that this crisis has been resolved before the Christmas spending season and therefore this may have minimum impact on consumer spending in the fourth quarter. On the other hand led the high rates of consumer spending in Britain to the height of the British pound as British retail sales rise by 0.6% versus expectations of 0.5% reading. And recorded the basic reading of the retail sales and the reading excluding food and energy results exceeded expectations. Still sales Bastiina the strong foods, but the food sector was weak. In general, this is the third month of gains among the last four months and this indicates that the rate of U.S. consumer demand continued to expand positively albeit mildly. It is expected to be the British economic data today a good contributor to the growth rate of GDP British This is a good supporter of the British pound, despite the fact that the pair continues to face the resistance level at 1.6100 and a greater resistance at 1.6200. The continued rise against the U.S. dollar during the U.S. trading session, the Sterling rushes towards the 1.6150 level as the day goes on.



Congress to reach agreement on the U.S. budget and debt ceiling

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