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2013.10.2716:59:00UTC+00Looking ahead in the Fx Market

  • It will be a busy week for US data, as stats bureau tries to catch up after being shut for more than two weeks. 
  • The highlights will be US Retail Sales ad IP on Tuesday; CPI and the ADP jobs data on Wednesday and ISM manufacturing on Friday. 
  • Official and the HSBC version of China manufacturing PMI data will be released on Friday as well.
  • Central bank expectations will be the main focus of the FX market in the week ahead - as the FOMC has its first policy meeting since they shocked the market last month by not tapering and that was shortly followed by the US government shutdown and the debt ceiling showdown/fiasco. 
  • The market is certainly not expecting the Fed to announce they are dialing back their monthly bond buying efforts at this meeting, but it is hoped the Fed will give some guidance on how much they feel the recent DC malfunction will impact the US economy and what kind of tapering timetable they might be looking at.  
  • Any guidance will have to come in the form of the statement, as the next FOMC meeting that is followed by the chairman's press conference is the December meeting.



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