Idea of the Day We wrote yesterday about the fading post-Fed party, looking more from the performance of ‘risk assets’ in general. But there is also the dollar angle, with the dollar index having risen every day since the Fed decision to retrace around 1/3 of the initial losses. There are a number of factors at play here, but once again there is the looming issue of the US debt ceiling. We’ve been here before, back in the summer of 2011 (and several times before then), when US politicians took negotiations right to the wire. The Senate is set to hold a vote today on legislation passed by the House of Representatives to cover spending to the middle of December. Last time, the dollar’s haven appeal won out over any investor concerns regarding US fiscal sustainability and the same is likely to happen again this time around. The continued prospect of Fed tapering, even though we may not be there yet, will still provide a supportive backdrop. Data/Event Risks USD: Durable goods data will be the usual roller-coaster of data volatility, but it’s not usually sustained in terms of market volatility. New home sales are seen partially bouncing back (by 6.6%) from the July weakness, but again also a volatile number and often brushed aside by the dollar. Latest FX News EUR: As well as the generally firmer dollar, there was more talk yesterday of liquidity operations from the ECB to counteract the contraction of its balance sheet. This is happening as banks re-pay longer-term loans back to the ECB. All else equal, this is euro positive, so prospect of more cheap loans is seen as pushing the euro lower. JPY: The yen is the only currency on the majors that has managed to outperform the dollar over the past week, since the Fed’s non-tapering decision. EURJPY looking interesting should this continue, with trendline support currently coming in at 131.23. AUD: Another currency feeling a little heavy post-Fed, with AUDUSD having retraced the entire move seen a week ago. Further reading: EUR/USD September 25 – Little Movement as Markets Await US Housing, Mfg. Data NZD/USD continues falling after the big trade deficit 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 USD reacts positively to durable goods orders, despite small Yohay Elam 9 years Idea of the Day We wrote yesterday about the fading post-Fed party, looking more from the performance of 'risk assets' in general. But there is also the dollar angle, with the dollar index having risen every day since the Fed decision to retrace around 1/3 of the initial losses. There are a number of factors at play here, but once again there is the looming issue of the US debt ceiling. We've been here before, back in the summer of 2011 (and several times before then), when US politicians took negotiations right to the wire. The Senate is set to… 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.