May 10 2013

In the trading room today: Big Week Ahead for the EUR and the JPY. With the euro-zone and the Japanese Q1 2013 GDP estimates scheduled for release next week, we explore the potential impact of these important economic reports and focus on the EUR and the JPY as the currencies to watch closely, we list the Top 10 spotlight economic events that will move the markets in the week ahead, we examine the consensus forecasts for the upcoming economic data, we analyze the weakness in the EUR/USD currency pair, we take a close look at the bullish breakout in the USD/JPY pair, we keep an eye on the pullback in the GBP/USD currency pair, we highlight the market’s reaction to the Japanese Current Account and the Canadian Employment report, we discuss new forecasts from Deutsche Bank, Barclays and UBS, and prepare for the trading session ahead.