Market Insight: Majors & Crosses 3

USD AUD GBPJPY EURGBP
With the economic c0nsumer confidence figures at its lowest will continue to dampen market sentiments for a USD recovery. However, this issue has been overshadowed with market talk on the US government addressing the probability to increase its debt ceiling to avoid any posible default and a government shutdown.

The political dysfunction in Washington has not really helped these issues. Thus creating more uncertainty and even fear in the market place maing it difficult for the USD to recover inspite of Federal Housing Finance Agency's (FHFA) report that residential home prices have risen at the strongest pace since March. But this only provided some momentary relief for the USD as it stayed on a narrow range for the past few days since the opening in Asia.

Market Insight: Majors & Crosses 3