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Forex Forecast: US Deficit Showdown Key for Dollar, Equities

Forex Forecast: US Deficit Showdown Key for Dollar, Equities

2013-10-07 16:48:00
John Kicklighter, Chief Currency Strategist
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Talking Points:

• The US Government Shutdown is leading up to something far more frightening: a debt ceiling breach

• With a scenario of market-wide rise aversion versus crisis relief, the dollar picture is mixed

USDJPY is perhaps best positioned for 'status quo' while the opposite outcome is more mixed

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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. These sessions are held live every Monday at 16:30 GMT. The US budget standoff stands and the markets are progressing into dangerous territory. As the market approaches its budget ceiling, fear of a complex financial crisis bolsters safe havens...with the US dollar included. Even more unusual is a scenario for the dollar is one where crisis is averted...

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