Student Loans: Ministers To Unveil £900m Sale

Yet the temporary relief will come to an end in coming years, as rates are expected to rise. Gains off loans in 2013 comprised nearly half of the Education Departments total outlays, the biggest share since at least 1997. Effectively subsidizing half of the agency’s total operations, the profits have enabled Sec. Duncan to reduce the Education Departments total cost to the smallest amount since 2001. The Education Department spent $40.9 billion in 2013, nearly a third less than 2012 and the lowest reported amount since the first year of George W.
Source: http://rt.com/usa/student-loans-government-profit-292/

The loans, which were taken out between 1990 and 1998, are likely to be sold for significantly lower than their market rate. Universities Minister David Willetts announced plans to sell the loans in March, saying the “mortgage-style” student loans will “allow us to reduce public debt and maximise the value of one of the government’s assets. A fresher at Manchester university browses books at a secondhand stall. Student loans from 1990 to 1998 will be sold to a private debt collection agency on Monday “The private sector’s expertise makes it well placed to collect this debt and the sale will also help the Student Loans Company to concentrate on providing loans to current students.” Many whose loans will be included in the sell-off took to Twitter on Sunday evening to voice concern about the plans to sell the loans to a debt collection agency. I wish there was a way I could stop them selling off the student loan book, it’s lunacy.
Source: http://www.huffingtonpost.co.uk/2013/11/24/student-loans-sell-off_n_4333887.html?ir=UK+Universities+%26+Education

| Johnny Green/PA Archive Get UK Politics Newsletters: Student News , Business , Bis , Government Debt , Money , Nus , Student Loans , Student Money , UK Politics News Student loans taken out between 1990 and 1998 and worth 890m have been sold to a private company for 160m, the government has confirmed, in a highly controversial decision. The head of the National Union of Students (NUS) has slammed the move as “ridiculous” and “extremely concerning”, while the government insists the sale represents “good value for money”. Selling Off the Loan Book Would Be the Government’s Most Outrageous Attack on Students, So Why Aren’t the NUS More Concerned? A company called Erudio Student Loans was named as the successful bidder on Monday, and now owns the remaining 17% of mortgage style student loans taken out by those who began courses between the eight year period. Universities and Science Minister David Willetts said the price paid exceeds the estimated value of the remaining student loans, and added the private sector is “best placed” to collect the remaining debts. The sale of the remaining mortgage style student loan book represents good value for money, helping to reduce public sector net debt by 160m,” he said.
Source: http://www.huffingtonpost.co.uk/2013/11/25/student-loan-book-sold-160m-government_n_4336301.html?ir=UK+Politics

Government books $41.3 billion in student loan profits

“When students graduate from college, traditionally they will make less. And then as they progress in their professional career they’ll earn more. The repayment schedule should follow this trend so that borrowers pay less early on and more as they earn more.” Get more U.S. News coverage of the Top World Universities . Also on HuffPost: 75% of students have debt 2.
Source: http://www.huffingtonpost.com/2013/11/20/student-loan-debt-around-the-world_n_4299782.html

Among the issues being looked at are the student loans programs, according to Allison Preiss, press secretary for Democratic Sen. Tom Harkin of Iowa, who heads the committee. ‘Profit’ depends on accounting method Projecting how much money the government will make – or have to pay in a subsidy – on those loans is a tricky, complex formula, based on a variety of factors, experts said. The federal Credit Reform Act of 1990 set the way the government has to account for its loans. It measures the cash outflow as the disbursement of the principal loan amount and the inflowing money as the payments of interest and principal, minus amounts not paid, plus any fees the government receives from the borrower. But there are those who say this is a bad way to measure and predict what loans cost the government.
Source: http://www.wltx.com/rss/article/256951/142/Govt-Shows-413-Billion-in-Student-Loan-Profits

The disposal, to a debt recovery specialist, will be for a fraction of the debts’ continue face value, and encompasses mortgage-style loans that are the last of their kind still in public ownership. The sale, which does not include Income Contingent Repayment loans like the ones currently offered, comes as student groups step up their protest over the disposal of the loan portfolios. The coalition is drawing up plans to sell the entire outstanding student loan-book, which has a face value of roughly 40bn. Investment bankers from Barclays and Rothschild were appointed by the Department for Business, Innovation and Skills (BIS) last month to oversee the sale, which more than 15,000 people have signed an online petition to oppose. Danny Alexander, the chief secretary to the Treasury, said during the summer that the Government hoped to raise 10bn from the sale of corporate and financial assets such as the student loan book by 2020. David Willetts said the sale would help balance the nation’s books Speaking in March, when the mortgage-style student loan auction was initiated, David Willetts, the universities and science minister, said: “Selling the remaining mortgage-style student loans will allow us to reduce public debt and maximise the value of one of the Government’s assets.
Source: http://news.sky.com/story/1173070/student-loans-ministers-to-unveil-900m-sale

Gov’t Shows $41.3 Billion in Student Loan Profits

“The administration has taken steps to improve college affordability, and thanks to collective efforts, students and families are paying lower rates on their loans today than they would have otherwise,” Stephen Spector, U.S. Department of Education spokesman said in an e-mail to the Free Press. “More must be done to bring down the cost of college, and we look forward to continuing to work with Congress, institutions, borrowers, and other stakeholders to make college more affordable.” The numbers track the entire fiscal year that ended Sept. 30. They come as concern continues to mount about the level of indebtedness by college students and graduates. Estimates show more than $1.2 trillion in student loan debt across the nation, more than the nation owes on credit cards.
Source: http://www.usatoday.com/story/news/nation/2013/11/25/federal-student-loan-profit/3696009/

Israel’s Stock Market Loves The Iranian Nuclear Deal

Very long title. Long long long. TUESDAY, APRIL 20, 2010, AT 6:19 PM Tornado Kills at Least Five in Oklahoma. Very long title. Long long long.
Source: http://www.slate.com/blogs/the_reckoning/2013/11/24/israeli_stock_market_reaches_record_high_share_prices_love_iranian_nuclear.html

Stock Market Today: “Hunger Games” Ignites, Sirius XM Spikes, and Xbox Shines

Still, with its console priced at $500, Microsoft’s healthy initial sales numbers point to a huge demand for video game hardware and software over the holiday season and into next year. Microsoft’s stock is up marginally in premarket trading. Finally, Lions Gatehas scored another box office hit. The Hunger Games: Catching Fire trounced the financial debut that its predecessor set by almost $100 million, on its way to collecting $307 million in theaters over the weekend. That puts Catching Fire on pace to easily beat the $691 million that TheHunger Games accomplished globally — and it makes $1 billion a real possibility for the movie.
Source: http://www.fool.com/investing/general/2013/11/25/stock-market-today-hunger-games-pops-sirius-xm-spi.aspx

Investing And The Birthrate: Why The Market Picks Up 50 Years After A Baby Boom

Michael Lubeck picture

The S&P 500 is up 26.5 percent and the Nasdaq 32.2 percent. When Janet Yellen , President Obama’s nominee to become Federal Reserve chairwoman, was asked by a senator this month if the Fed’s expansive monetary policy was inflating a stock market bubble, she acknowledged that stocks have risen “pretty robustly. But I think that if you look at traditional valuation measures … you would not see stock prices in territory that suggests bubble-like conditions.” Russ Koesterich, BlackRock’s chief investment strategist, agrees. “It is not a bubble, but it is starting to look overdone.
Source: http://www.sfgate.com/business/networth/article/Stock-market-gains-fuel-speculation-about-bubble-5006443.php

Stock market gains fuel speculation about bubble

Worse yet, the company gave a depressing outlook for the fourth quarter: comps are expected to fall hard again, and Abercrombie is bracing for a “significant” hit to gross profit margin. The stock is down 1% in premarket trading. Finally, Target turned in weak sales growth for the third quarter. Revenue rose by just 3% to $17.3 billion; comparable store sales growth came in at the low end of the company’s guidance, but still ahead of Wal-Mart’sresults.
Source: http://www.fool.com/investing/general/2013/11/21/stock-market-today-sears-abercrombie-fitch-and-tar.aspx

Stock Market Today: Sears, Abercrombie & Fitch, and Target on The Move

2) Income must then be allotted to retirement savings if the couple is to continue to enjoy the same standard of living. Exploring the sites Theory (click to enlarge) (click to enlarge) Three of the periods did not follow the expected trend. There was one period in the chart for the up markets and two periods in the chart for the down markets. The downtrend from 1972 to 1974 can be explained by the high living expenses caused by inflation.
Source: http://seekingalpha.com/article/1860111-investing-and-the-birthrate-why-the-market-picks-up-50-years-after-a-baby-boom

China To Gradually Widen Yuan Trading Band — Pboc Chief

The Russian state owns a 69.5 percent stake, according to its website. “There have been some talks between Morgan and Rosneft. There is no deal,” said a source familiar with the situation. A second senior trading source said people close to the situation had briefed him that such talks had taken place. Industry publication SparkSpread, which tracks people moves in commodities trading, cited an unidentified source as saying the talks were at an advanced stage but could still fall apart. A Morgan Stanley spokesman in New York and a Rosneft spokesman in Moscow declined to comment.
Source: http://www.reuters.com/article/2013/11/19/us-morganstanley-rosneft-commoditiessale-idUSBRE9AI0YM20131119

Zhou’s article did not give one either. Foreign currency traders said they did not expect the central bank to move immediately on any band widening. “There have been expectations of exchange-rate reforms, including the widening of the yuan band, though any imminent move would be a surprise,” said a Beijing-based trader at a local bank. The trader also noted that the previous move to widen the yuan’s trading band in April 2012 was preceded by volatile trading when the dollar-yuan consistently hit its daily limit, which was then 0.5%.
Source: http://online.wsj.com/article/BT-CO-20131119-702876.html

Sears Canada is a multi-channel retailer with a network that includes 181 corporate stores, 241 hometown dealer stores, over 1,400 catalogue merchandise pick-up locations, 101 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes Canada’s most extensive general merchandise catalogue and offers shopping online at http://www.sears.ca. This release contains information which is forward-looking and is subject to important risks and uncertainties. Forward-looking information concerns, among other things, the Company’s future financial performance, business strategy, plans, expectations, goals and objectives. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “scheduled”, “estimates”, “intends”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Source: http://online.wsj.com/article/PR-CO-20131119-910345.html?dsk=y

Dmitri Chavkerov of Forex Peace Army Advises Traders To Become Lean and Mean Forex Trading Machines To Become Successful in Forex

One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AMAT options chain for the new July 2014 contracts and identified one put and one call contract of particular interest. The put contract at the $16.00 strike price has a current bid of $1.07. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $16.00, but will also collect the premium, putting the cost basis of the shares at $14.93 (before broker commissions). To an investor already interested in purchasing shares of AMAT, that could represent an attractive alternative to paying $16.91/share today. Because the $16.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless.
Source: http://www.forbes.com/sites/stockoptionschannel/2013/11/19/first-week-of-july-2014-options-trading-for-applied-materials-amat/

Twitter Options Trading Set to Kick Off

There are few people who are too distracted with unnecessary ideas and perceptions that they fail to see the real picture. Only by gaining an understanding about the reality, a person can attain success. “We all have fire and water inside of us. At the same time, we all have weeds and flowers inside of us. With fire we can burn weeds, and with water we can nourish flowers.
Source: http://money.msn.com/business-news/article.aspx?feed=PR&Date=20131119&ID=17123239

Trading the EUR/JPY today

“The trading of Twitter puts and calls will be tricky at first,” said Brian Overby, senior options analyst at online brokerage firm TradeKing based in Fort Lauderdale, Florida. The gap between bid and ask prices on the contracts, known as the spread, is expected to be wide at first, Overby said. That could contribute to choppy trading in the first several days. The behavior of the stock, and by extension the option prices, will likely be very unpredictable, said Brent Archer, senior options analyst at options research firm InvestorsObserver.com, in Charlottesville, Virginia. “If we look back to Facebook, that stock took about three weeks before it settled down into a defined range.” Volume should be robust, but some traders expect http://www.etftradingsignals.com turnover to be below Facebook Inc.’s ( FB ) launch, given the micro-messaging company has a smaller number of shares and market value. More than 365,000 contracts changed hands in Facebook’s option debut on May 29, 2012, a record for the first day of option trading on a stock, according to Trade Alert.
Source: http://www.foxbusiness.com/investing/2013/11/15/twitter-options-trading-set-to-kick-off/

First Week of July 2014 Options Trading For Applied Materials (AMAT)

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice.
Source: http://www.fxstreet.com/analysis/weekly-eurusd-analysis/2013/11/20/

Federal Programs Give Student Loan Relief To Service Members

Sufficient Credit Enhancement (CE): CE is provided by overcollateralization (OC; the excess of trust’s asset balance over bond balance) and excess spread. For SLC 2009-1, the trust has reached its target OC of 10% and current parity is 111.11% as of July, 2013. For SLC 2010-1, current parity is 111.36% and total CE is about 10.20% as of July, 2013. The 2010-1 trust is a turbo structure therefore no cash is released until the note is paid in full. Adequate Liquidity Support: Liquidity support is provided by a Obama student loan forgiveness program reserve account for SLC 2009-1 sized equal to the greater of 0.25% of the pool balance and $905,785. SLC 2010-1 is supported by both a reserve account and a capitalized interest account.
Source: http://finance.yahoo.com/news/fitch-maintains-rating-watch-two-214200830.html

How to pay your student loans

Additionally the inability to repay was found to a pivotal factor in default, debt collection and bankruptcy. How borrowers incurred these PSL debts is also addressed by PIRG. In 2008, a majority of PSL borrowers took out less in federal student loans than they could have. Of these borrowers, a full quarter took out no federal student aid whatsoever. . .
Source: http://northdallasgazette.com/2013/11/10/private-student-loans-no-better-than-using-a-credit-card-for-college/

My beginning balance was $43000 and i still owe this amount. My loans have been sold multiple times and i am now with Sallie Mae. The only concession Sallie Mae has offered to reduce my debt and pay off my loan quicker is a .25% decrease in interest by setting up direct payments with Sallie Mae through their website. I want to pay off my loan, but I need interest rate relief and i think paying $325 at a minimum for 30 years for a $43000 loan is ridiculous. Are there any programs that can help me?
Source: http://www.wral.com/are-there-any-programs-to-help-with-my-federal-student-loans-/13099507/

But those same troops can feel abandoned when it comes to their student loans, despite a number of protections in place to help them manage college debt. “One of the biggest barriers is that servicemembers may be unaware that they are eligible for student loan relief,” Holly Petraeus, assistant director of the Office of Servicemember Affairs at the Consumer Financial Protection Bureau, said via email. “If they do realize that there is relief available, they may be blocked from accessing it by uninformed customer service staff at their loan servicer.” Many veterans know about the GI Bill, which includes educational assistance for active-duty military, reservists and National Guardsmen who serve for at least 90 days. In some cases, the bill covers tuition, fees, books and housing, allowing veterans to graduate without student loan debt. [Learn how to transfer military skills to a college major .] The GI Bill does not cover existing college debt, though, so those who have student loans when they enlist still need to manage their payments. Service members struggling with student loan debt can find relief through federal programs that cap interest rates and offer loan forgiveness.
Source: http://finance.yahoo.com/news/federal-programs-student-loan-relief-151022382.html

Use free tools online such as the Sallie Mae’s Smart Option Student Loan Repayment Calculator . By paying more than the minimum on your student loans every month or whenever you can, you can pay off your loans sooner and also lower the total amount of interest you pay over the life of the loan. Make Loan Payments When Due. Making your loan payments on time can help you build and maintain a good credit rating — and avoid the extra expense of late fees. When you incur a $25 late fee on a payment of $125, that is a 20 percent interest cost on that one payment and over the course of a few years, this really adds up. Save time and money by enrolling in automatic bill payment.
Source: http://www.cbsnews.com/8301-505144_162-57611290/how-to-pay-your-student-loans/

Nasdaq Error Shuts Options Market For Almost Entire Day

The total shares traded for the NASDAQ was over 2.24 billion. Declining stocks led advancers by 3.46 to 1 ratio. There were 573 advancers and 1981 decliners for the day. On the NASDAQ Stock Exchange 28 stocks reached a 52 week high and 38 those reaching lows totaled.
Source: http://www.nasdaq.com/article/market-close-report-nasdaq-composite-index-closes-at-385733-down-7462-points-cm297982

Wall Street down as Nasdaq, small caps weigh Twitter soars

The tech-heavy Nasdaq Composite may offer plenty of high growth opportunities, but few stocks can match this incredible tech stock which is growing twice as fast as Google and Facebook, and more than three times as fast as Amazon.com and Apple. Watch our jaw-dropping investor alert video today to find out why The Motley Fool’s chief technology officer is putting $117,238 of hisownmoney on the table, and why he’ssoconfident this company will be a huge winner in 2013 and beyond. Just click here to watch! Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong , track every pick he makes under the screen name TrackUltraLong , and check him out on Twitter, where he goes by the handle @TMFUltraLong .
Source: http://www.fool.com/investing/general/2013/11/06/the-nasdaqs-5-most-hated-stocks.aspx

rose .1 percent to $37.56 with 19,590,900 shares traded. Riverbed Technology Inc. rose 16.5 percent to $17.61 with 15,136,700 shares traded. Santarus Inc.
Source: http://money.msn.com/business-news/article.aspx?feed=AP&date=20131108&id=17090135

This brought the total nominal value of all their listed Sukuk to 12.58 billion dollars (AED 46.2 billion), the third highest amount in the world, underlining the growing success of the ‘Dubai, the Capital of the Islamic Economy’ initiative. The bell-ringing ceremony took place in the presence of Essa Kazim, Chairman of Dubai Financial Market (DFM) and Secretary General of the Higher Committee for Development of the Islamic Economy sector; Abdul Wahed Al Fahim, Chairman of NASDAQ Dubai; and Hamed Ali, Chief Executive of NASDAQ Dubai. His Highness Sheikh Omar bin Saqr Al Qasimi said, “The highly successful Sukuk issued by the Emirate of Ras Al Khaimah via RAK Capital provides Shari’a compliant financing that will support the continuing sustainable economic development and infrastructure expansion in the Emirate of Ras Al Khaimah. Our sole listing on NASDAQ Dubai, as an exchange in the UAE that operates to international standards, provides us with a first-class regulatory environment that is well respected regionally and internationally.” Essa Kazim, Chairman of Dubai Financial Market (DFM), and Secretary General of the Higher Committee for Development of the Islamic Economy sector said, “Dubai’s exchanges are playing a rapidly expanding role in supporting the Islamic funding needs of organizations across the UAE and beyond, including though a growing number of listings from various emirates from public as well as private sector businesses. This expanding activity demonstrates the clear progress that is underway towards positioning Dubai top ten best stock investment companies ph as the global Capital of the Islamic Economy, in line with the initiative of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minster and Ruler of Dubai, under the direction of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council.” The total nominal value of Sukuk that have listed on NASDAQ Dubai and Dubai Financial Market (DFM) in 2013 so far has now reached 6.15 billion dollars (AED 22.6 billion).
Source: http://www.cpifinancial.net/news/post/24092/aed-1-84-billion-rak-capital-sukuk-lists-on-nasdaq-dubai

equity market, options trading is spread across multiple exchanges, all of them connected by data feeds that ensure buyers and sellers get the best available price. The fragmentation followed a decade and a half of reform on Wall Street aimed at spurring competition among securities exchanges. Some investors have said the system breed so much complexity that avoiding breakdowns is impossible. Trevor Mottl, Susquehanna Financial Group LLLPs New York-based head of derivatives strategy, said having multiple venues gives traders alternatives when one is unavailable. Id argue that the increased number of exchanges where transactions can occur decreases the impact of issues like this, Mottl wrote in an e-mail. I expect that the impact would have been far greater 10 or more years ago. Securities and Exchange Commission Chairman Mary Jo White is pressuring exchanges to collaborate on making their systems more reliable.
Source: http://www.bloomberg.com/news/2013-11-01/nasdaq-shuts-options-market-for-almost-entire-day-on-malfunction.html

The Standard & Poor’s 500 Index was down 19.58 points, or 1.11 percent, at 1,750.91. The Nasdaq Composite Index was down 65.57 points, or 1.67 percent, at 3,866.44. The Nasdaq was led lower by an 11 percent drop in Whole Foods after its results on Wednesday, while Tesla Motors continued its slide, dropping 7.9 percent one day after a big fall on lackluster earnings and on reports of a third car fire. The stock remains a favorite among short-sellers who believe it is overvalued. Trading in OTC securities was resumed at 3:00 p.m.
Source: http://economictimes.indiatimes.com/markets/global-markets/wall-street-down-as-nasdaq-small-caps-weigh-twitter-soars/articleshow/25398240.cms

Forex: Event Risk Timing Key For Eurusd, Eurjpy, Audusd Trading

Reserve Bank of India (RBI) had provided a special dollar swap window to Indian Oil, Hindustan Petroleum and Bharat Petroleum in late August in order to shore up the rupee. RBI Governor Raghuram Rajan has said that until the public sector companies fully return to the market it couldn’t be described as having stabilised. The market expects the window to be withdrawn in the next few weeks, which could bump up demand for US dollar by more than $400 million a day. Dealers expect a gradual return so that the market can absorb the demand for dollars and there is no sudden exchange rate movement.
Source: http://economictimes.indiatimes.com/markets/forex/return-of-oil-companies-to-forex-market-could-unsettle-rupee/articleshow/25238551.cms

FOREX-Euro vulnerable before ECB, hits near 4-week low vs yen

Investigators are also believed to be examining whether traders attempted to influence benchmark foreign exchange rates reported by WM/Reuters by submitting trades during the times when those rates are set. Many money managers, pension funds and other institutional investors rely on the WM/Reuters rates for foreign exchange investments. The foreign exchange investigations represent the latest multinational examination of financial benchmarks that affect trillions of dollars in personal and business transactions. Investigators are also probing evidence that bank traders manipulated the London Interbank Offered Rate, which is used to set rates on mortgages, credit cards, loans and some financial derivatives. RBS’ financial statement also cited the Libor investigations as a potential risk factor that could affect its financial results. The bank, chiefly owned by the British government following a financial bailout, also announced Friday that it would shift approximately $61 billion in bad loans into a newly created internal entity.
Source: http://www.usatoday.com/story/money/business/2013/11/01/rbs-bank-forex-trading-probe/3345513/

The European Union Economic Forecast for the next two years is due out at 10.00 UTC along with the Eurozones Producer Price Index m/m for September (expected to rise by 0.3 percent). ISMs US Non-Manufacturing Purchasing Managers Index for October is due out at 15.00 UTC. Analysts expect a slight decline from the prior 54.4 points. The IBD/TIPP Economic Optimism comes out at the same time and is forecast to rise to 41.1 points for this month from the prior 38.4. Todays resistances: 1.3525, 1.3555 and 1.3585.
Source: http://invezz.com/news/forex/6550-Forex-EUR-USD-holding-to-rising-channel-so-far-today

Forex: EUR/USD holding to rising channel so far today

It last stood at 80.547, down 0.2 percent on the day. The dollar had risen in Asia after Dallas Federal Reserve Bank President Richard Fisher told a conference of business economists in Sydney he was concerned that corporate credit spreads have narrowed too much. He also said he does not see the Fed’s balance sheet rising to $6 trillion or more. Against the yen, the dollar was last down 0.1 percent against at 98.57 yen. Data on Monday showed orders for a wide range of U.S.-made capital goods sank more than estimated in September, a sign companies cut their investment plans sharply as Washington hurtled to the brink of default.
Source: http://www.reuters.com/article/2013/11/04/markets-forex-idUSL2N0IP1K220131104

“The bias is for a weaker euro … The market had got too long of euro/dollar and, given the uncertainty over the ECB, the theme could be some more squaring of short-term positions,” said Paul Robson, currency strategist at RBS. He said a break below chart support at around $1.3445,from a trendline drawn from a low hit in early July, could be a cue for further losses. The single currency rebounded on Monday as a survey showed euro learn more zone manufacturing activity accelerated in October, but these gains proved short-lived. However, with the U.S. Federal Reserve seen likely to hold off from tapering its stimulus until next year and expected to keep interest rates low for an extended period, some analysts said risks of a weaker euro could be limited.
Source: http://uk.reuters.com/article/2013/11/05/markets-forex-idUKL5N0IQ1E220131105

governments 16-day hiatus last month. On the European and Asian economic calendars this week are manufacturing, services, and composite purchasing-managers indices reports. By weeks end, investors can chew on important employment reports from the U.S., Canada, and Australia. The weeks obvious highlight is the American employment report for October. After softer Bureau of Labor Statistics numbers for September, and a sluggish ADP print for October, will the market see enough improvement in the details by Friday morning to allow the Federal Reserve to begin to tighten the liquidity taps soon?
Source: http://www.forbes.com/sites/deanpopplewell/2013/11/04/dollar-retreats-to-start-busy-forex-week/

Dollar Retreats To Start Busy Forex Week

Latest ForexTV Video Pivot Point Calculator RISK DISCLAIMER: By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Source: http://www.forextv.com/forex-news-video/forex-event-risk-timing-key-for-eurusd-eurjpy-audusd-trading