Idea of the Day There’s certainly a risk aversion feel about today with risk assets coming under pressure. This has given the dollar a boost for once, a move that is very much against the current short term trend as it has suffered quite a bit during the political wrangling. The Yen is also attracting buyers as it is making ground against most other currencies this morning with investors seeking a safe haven. Against the dollar the Yen is testing a multi week high around 97.00 and against the euro traders will be watching the 131.40-60 level of support closely. Certainly in the case of the USD/JPY things are very interesting as a lack of resolution to the debt ceiling problem will justify Bernanke’s refusal to taper at the last FOMC meeting and push any chance of tapering well into 2014. Data/Event Risks USD: In the absence of any major data releases today all eyes remain on the US as the debt ceiling approaches after another week end of sabre rattling between the Democrats and Republicans over spending. The Republicans have also hardened their stance making a default rather more realistic if they refuse to find common ground with the President. NZD: Later on tonight we see the release of the New Zealand Institute of Economic Research (NZIER) Business Confidence being released, which is a leading indicator of economic health for the New Zealand economy. The last figure was 32, the highest level since January 2012 and any figure above this could give the Kiwi a boost. Latest FX News JPY: Even though there is very little in the way of market moving data scheduled for release today, we have seen the release of the leading index from Japan this morning. This came in slightly lower than expected at 106.5, also down from the previous month of 107.7, giving a sign that economic growth maybe moderating. However, the worse than expected figure has not led to any weakness in the Yen which is attracting investors with all this uncertainty surrounding the US debt ceiling. Further reading: EUR/USD Maintains Broader Medium Term Upside Bias – Technical analysis Delay in the release of jobs data due to government shut-down has markets stymied FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next EUR/USD Oct. 7 – Euro Edges Higher As Shutdown Continues Kenny Fisher 9 years Idea of the Day There's certainly a risk aversion feel about today with risk assets coming under pressure. This has given the dollar a boost for once, a move that is very much against the current short term trend as it has suffered quite a bit during the political wrangling. The Yen is also attracting buyers as it is making ground against most other currencies this morning with investors seeking a safe haven. Against the dollar the Yen is testing a multi week high around 97.00 and against the euro traders will be watching the 131.40-60 level of support closely.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.