Thursday, October 8, 2020

Americas Wrap


The USDJPY stays in narrow 17-18 pip trading range for the day

But its not the lowest range this year The USDJPY stayed in the same 17-18 narrow trading range for the entire NY session. The NY trading ranges from the low to high was only 11 pips. Yikes...... Read full article


Biden to have Townhall in Philadelphia on October 15

Townhall to the moderated by George Stephanopoulos In lieu of the debate with Pres. Trump scheduled for October 15, Dem presidential candidate Biden will conduct a Townhall in Philadelphia. The debate commission had proposed a virtual debate, but that format was rejected by Pres. Trump who has said that he would conduct a rally instead.... Read full article


White House Farah: Trump wants skinny coronavirus relief bill

White House spokesperson Farah speaking White House spokesperson Farah (taking over for Kylie McEnaney it seems), is saying:... Read full article


WTI crude oil futures settle at $41.19

November contract is up $1.24 or 3.1% The high price reached $41.33. The low price extended to $39.76. Looking at the daily chart, the prices back up testing its 200 day moving average at $41.21. In the new trading day a move above would be more bullish.... Read full article


More from McConnell: Big portion of GOP think enough done on aid

Senate Majority Leader Mitch, - Big portion of GOP senators think enough done on aid - Don't intend to give Trump campaign advice on debates Needless to say there is a divergence of opinion on the need for additional stimulus or not.... Read full article

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Latest Forex Orders


Notable forex options expiring on October 8 at the New York cut

What's running off today

  • EUR/USD 1.1745 and 1.1800 -- about 650m euros each
  • USD/JPY 105.50 ($615m) and 106.15 ($386m)
  • GBP/USD 1.2850 (GBP202m)
  • NZD/USD 0.6540 (NZD225m)
I wouldn't classify any of those as anything approaching large.

For bank trade ideas, check out eFX Plus 
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