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3 Oct 2013
Flash: Market focus for today - TD Securities
FXstreet.com (London) - Research teams at TD Securities said the focus today will be on the constantly evolving government shutdown dynamics.
Key Quotes:
"...although marginal progress was made bringing both parties back to the negotiating table".
"However, as the Republicans continue to test various options and the Democrats refuse to negotiate on Obamacare, the quickly approaching debt ceiling negotiations is adding to market nerves".
"The closer we get to this date without a successful resolution to the debt ceiling and the shutdown, the more likely we are to see a risk-off trade accelerate".
Key Quotes:
"...although marginal progress was made bringing both parties back to the negotiating table".
"However, as the Republicans continue to test various options and the Democrats refuse to negotiate on Obamacare, the quickly approaching debt ceiling negotiations is adding to market nerves".
"The closer we get to this date without a successful resolution to the debt ceiling and the shutdown, the more likely we are to see a risk-off trade accelerate".