ForexLive North American wrap: No deal or no deal

View Comments

  • Obama hosts White House meeting, no fiscal cliff proposal
  • Fmr Greek finance minister accused of altering Lagarde list
  • Chicago PMI 51.6 vs 51.0 exp
  • US pending home sales +1.7% vs the +1.0% consensus
  • Chatter about 60-90 day fiscal cliff mini-deal
  • S&P 500 down 1.1%
  • VIX climbs 16% to highest since June
  • GBP leads, NZD lags

The euro rebounded above 1.32 at the outset of US trading and quietly circled around 1.3220 afterwards. The fiscal cliff headlines were seemingly a stocks-only story, although the commodity currencies bounced around.

The New Zealand dollar gapped 40 pips lower at one point but bounced right back.

The pound was strangely bid throughout trading, assuredly flow related.

Have a great weekend.

Author: Adam Button

Adam Button is the managing editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.


All|Americas|Forex Headlines|Regions

Forex Headlines|forex news|forex top headlines|Wrap

Adam Button


  1. Adam, interested in your thoughts on AUD. You MIGHT remember that I’d stayed short from 1.0560 and that price has turned out to be a fairly relevant interim top. Even with some very long term trendline breaks (i.e. 1.0480), the AUD has held up well over the last week – your thoughts on whether it’s suspended reality or another gravity-defying turn and run higher? I’ve got the possibly outlandish 1.15 level as the 161.8 extension from .60-.95 move that retraced to .80 back in May/June of 2010. Rosie is hot on the CAD for 2013 (could see that aid the AUD/USD as well perhaps?). Anyway, if you have a few moments would appreciate your thoughts…

  2. I hope early in the Month of jan-2013, The likely solution for Fiscal cliff would come

  3. As a Newbie, I am always exploring online for articles that can help me.
    Thank you


© Copyright 2015 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.