Flash: This week's key data releases and events to watch - Nomura

FXstreet.com (Barcelona) - Nomura Strategist Matthew Slade presents this week's key data releases and events to watch for.

Key events

1. Fed speakers (Throughout the week) - the ongoing debt ceiling debate remains very fluid; Fed speakers should provide colour on the situation.

2. German factory orders (Tuesday 11:00 BST) – Nomura estimates are ahead of consensus

3. Australian employment (Thursday 01:30 BST) – Nomura estimates are below consensus

4. Bank of England meeting (Thursday 12:00 BST) – Nomura expects no change in policy and no detailed explanatory statement to be published alongside the BoE’s decision

Oct 7, 2013

EUR/JPY walks on thin ropes below 132

EUR/JPY fell to 131.83 session lows ahead of Tokyo’s opening and Japanese data. A stronger yen across the board potentially due to the US political shutdown that continues sends the euro backwards ahead of Japanese and Euro-zone data releases later in the day.

Flash: Not conceiving USD positive reaction to weekend press - Societe Generale

According to Kit Juckes, Head of Currency Strategy at Societe Generale, if a favourable political resolution in the U.S. is to come, it is hard to see how it will come by unless tensions increase further.