Idea of the Day The deal was done late yesterday, ending the US government shutdown and extending the debt ceiling to the early part of next year. For the dollar, it’s been very much a case of “buy the rumour, sell the fact”, most evident on USDJPY over the past 24 hours, where the gains seen in the run-up have mostly been eroded during the Asia session. Estimates suggest a 0.3-0.4% hit to annual GDP. Tapering from the Fed is now looking unlikely for this year, but a further downgrade of the US credit rating is looking more likely and not only from Fitch who have put their AAA rating under review. The uncertainty could weight on the dollar further in the bigger picture, the dollar positive arguments that have struggled to assert themselves in the second half of this year (tapering, relative growth differentials) having faded further. Data/Event Risks GBP: The last of the key data releases this week is retail sales today. The market looks for a small recovery from the 1.0% MoM decline seen in the previous month. Sterling could do with some better than expected data to allow for a more concerted push above the 1.60 level on cable. USD: Just claims data today, but even that is riddled with uncertainties and distortions owing the government shut-down, meaning that the moment the dollar is not sure what to think even in relation to the current state of the economy, let alone the future outlook. Latest FX News EUR: The week’s high of 1.3598 taken out in early European trade, as the dollar looks tired. US downgrade chatter also supporting the move. AUD: Probing new territory overnight, but also looking a little tired with it, AUDUSD having risen for the past 6 consecutive sessions. GBP: The labour market data showed some mixed messages, so sterling struggled for a sustained push above the 1.60 level against the US dollar. Further reading: US government open for business for the next 3 months – huge damage done EUR/USD dips below double support 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. 17 – Euro Jumps As Congress Reaches Deal Kenny Fisher 9 years Idea of the Day The deal was done late yesterday, ending the US government shutdown and extending the debt ceiling to the early part of next year. For the dollar, it's been very much a case of "buy the rumour, sell the fact", most evident on USDJPY over the past 24 hours, where the gains seen in the run-up have mostly been eroded during the Asia session. Estimates suggest a 0.3-0.4% hit to annual GDP. Tapering from the Fed is now looking unlikely for this year, but a further downgrade of the US credit rating is looking more likely and… 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.