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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY (Córdoba) - The FX market remains in sideways consolidative mode Tuesday as uncertainty and the lack of progress in US Budget negotiations keep investors sidelined.

EUR/USD has spent the last sessions hovering around 1.3580 unable to set a fresh direction while USD/JPY consolidates just above 97.00. However, the Sterling enjoyed a more active session amid misleading headlines of a BoE LTRO, dropping to a low of 1.6020 before bouncing all the way back toward 1.6090.

Commodity currencies managed to secure mild gains versus the greenback, with AUD/USD printting a 3-week high of 0.9483. Elsewhere stocks failed to track Asian gains and trade broadly in red, while US futures point for a negative open.

Main Headlines in Europe:

Switzerland: Unemployment Rate unchanged at 3.2% in September

Germany: Trade surplus widens to €15.6B in August

European open: Markets maintain poker face to debt ceiling, but look for tells in AUD, NZD, CAD, NOK and SEK.

Switzerland: Annual CPI falls 0.1% in September, as expected

Switzerland: Annual Real Retail Sales rise 2.4% in August

Flash: What’s the sentiment around the EUR/USD today? – Westpac and Commerzbank

Germany: Factory Orders drop in August against forecasts

GBP/USD spikes lower on BoE misleading headlines

European markets lack the Asian session's optimism

US: NFIB Business Optimism index fell to 93.9 in September
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