Obama: significant progress has been made in the negotiations of the US debt ceiling

This week is a very important week in the financial markets, and based on price movements in currencies, Forex traders are in a State of tension. Yesterday was another day in the market without Congress reached agreement to raise us debt ceiling or to finance Government within a few weeks, though the US dollar losses were limited. While the u.s. currency was traded at a lower level compared to most of the major currencies, but the losses were minor and the dollar recovered from a sharp drop at the start of the US trading session yesterday. The reflection on the direction of currencies and stocks due to remarks made by u.s. President Barack Obama, who said that "important progress" in the negotiations the US debt ceiling. What was President of the Senate majority optimistic that an agreement will be reached but the only Senate agreement, which must be ratified by Parliament. Hence the United States still faced the threat of deficits, which is why the United States is still in danger of going into deficit for this reason, Forex traders in a State of tension. We are now in the third week of the closure of the US Government and did not sign the Senate and House of representatives to stop the crisis and open the Government again and raise the debt ceiling. Investors are still hoping to reach an agreement during the 11 hours but the clock is ticking and with each passing day increases the risk of disability. Under the new militancy of its kind in the Democratic Party and the Republican Party on the defensive side, the negotiations will continue, so will keep tension on most of the week. Forex dealers does not believe that the US Government would allow the country to enter into deficit on its debt, and this assumption helped financial markets to maintain a level of stability. But anyway, football rates for this reason do not believe that there will be any new skathat or breakthroughs in trading trends to increase tension through a funding almo'ft for 6 months, or that the decision is taken to lift the net for debt ceiling or the country into deficit. If no settlement is reached before Thursday October 17, expect the u.s. dollar to further losses, and that there will be further rises in the euro/US dollar, upward bounce in gold and a sharp correction in stocks. And still our scenario is the possibility that an agreement will be reached at the last minute, but unlike what happened in 2011 when the debt ceiling was raised during the two days before the US Treasury to borrow, an agreement is not reached until the final hours. And as long as the US Government closed it will delay us data but there are plenty of economic data to be announced including a stat and amp index Philadelphia Federal and industrial applications for unemployment rates and record beige. Will address many of the members of the Federal Commission this week will nsmeta them to see if they will close Government and tension alnali more objection to reducing asset purchases this year. It will be very difficult for the members of the Fed adjusted monetary policy without important data in the past two weeks, the next data will have their type of distortion.