A drench of reports starting with the much anticipated & delayed Non-Farm Payroll numbers and unemployment figure for September remains in focus during the next North American trading session. The upcoming figures for Housing and Durable Goods towards the end of the week will likewise add to the impetus for investors; with the US Michigan confidence for October stricking a similar balance to the reports.
Although, this would be the main catalyst to drive market volatility back across the board; the reluctance of investors to weighin fresh trade positions are slower than normal. Uncertainty still prevails even after a near-term resolution for the government shutdown and the debt ceiling debacle has been reached. Issues on "Taper-off" by the FED while having been pushed further-out towards the 1st quarter of 2014 will certainly prolong the market's ability to generate trading volumes in the foreign exchange market as well. On the contrary, this would benefit the global stock market moving forward by the end of the year's trading activity.
Market Insight:
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