FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the major currency pairs traded in limited ranges for a second day in-a-row, amid a dramatic reduction in volumes ever since mid last week.
Key Quotes:
'Investors are waiting for clues over the upcoming economic policy decisions, starting with the ECB next Thursday and the BOJ and the FED by the end of the month."
"Macroeconomic data released this Tuesday failed to trigger interesting moves, although in balance, things continue to look worsening in Europe, given that German producer prices index fell by 2.1% in September, compared to a year before, much worse than the previous -1.7%."
"The EU Current Account surplus for August, hardly a market mover, shrunk to €17.7B, while July data was revised higher, from €22.6B to €25.6B. In the US, housing starts rose by 6.5% in September to an annual rate of 1.21M, following two months of declines, and approaching the 8-year high reached past June."
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