EUR/usd
Yesterday's US statistics put a negative impact on the dollar. Investors' disappointment was aroused by the utterly poor data on durable goods orders. The decline of the general index by 18.3% in September didn't entail recovery. In September the volume of orders fell by 1.3%. The core industries, without considering orders in the transport sector a month earlier, have grown by 0.7% and in September they lost 0.2% instead of growing by 0.5% as expected. This picture speaks about cautiousness of corporations regarding economic prospects. In its turn, it can lower investors' optimism about the prospects of the labour market, which is very important before the release of employment statistics next week. And in general it can be a sign of slowdown after the upsurge. Then the Fed will hardly hurry to tighten the policy. Of course, it is very unlikely that this report and other earlier signs of slowdown will stop the Fed from ending QE3 after the meeting. For that reason the dollar's reaction was quite restricted. The US currency depreciated across the board, eurusd grew to 1.2764 on Tuesday, but then slightly drew back to 1.2730. The data on growth of consumer confidence by Conference Board contributed to it. It is a post-crisis high, which also shows that the Americans don't feel the threat of the Ebola spread. Apart from the release of fomc's decision, when investors will closely study changes of the commentary (if there are any), there won't be any important news, which will affect the pair.
GBP/USD
The British pound rushed up yesterday after the release of the US durable goods orders, but then lost almost all gains by the end of the day. Anyway, the pair keeps trending up. It's no problem that there wasn't growth acceleration. Traders can be understood as they don't hurry to make any stakes before the FOMC's decision. Now the pound lacks behind the stock exchanges (despite their positive correlation) as investors are revising the prospects of the policy tightening by the BOE.
USD/JPY
In the meantime, the yen fails to enjoy USD's weakness of the recent days. Despite the poor stats on the US durable goods orders and the strong rates of the Japanese industrial production, the pair is purchased above 108.00. Here 108.30, the preceding local high, can become an important resistance. In case of success, bulls may again try to break through 110.
USD/SEK
The Swedish krona got a hard blow on a sudden decrease of Riksbank's rate. The latter cut the main interest rate by 25bp to zero, against the expected decline to 0.10%. Besides, the expected date of the rate increases was revised from late 2015 to mid 2016. In its turn it predetermined the fate of the resistance at 7.30, sending the pair to the highest levels since 2010. The next target of bulls can be set at 7.50, and in a longer term the growth can stretch up to 8.07 in the nearest half year.
