Oct. 14: MARKET REVIEW
Risk sentiment: traders are concerned as global equities decline. S&P500 slid to 5-month low.
EUR/USD: fell from $1.2767 to support at $1.2715 ahead of the European data release at 09:00 GMT (negative forecasts).
GBP/USD: awaits inflation data at 8:30 GMT, currently sits at $1.6070.
AUD/USD: rose testing levels above $0.88 as the People’s Bank of China cut its 14-day repo rate, again spurring hopes of more broad-based easing + iron ore prices stabilized a bit.
NZD/USD: pushed a little higher, capped at $0.7900.
USD/JPY: recovered from 106.70 to 107.00. Japanese PPI: 3.5% vs. 3.6% expected.