May 31 2013

In the trading room today: Will the Week ahead Prove Pivotal for the USD and EUR? In preparation for the new trading week which will be filled with important economic data from the U.S. and the euro-zone, we focus on the USD and the EUR and explain why next week could become pivotal for the future direction of these two currency majors, 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 latest trend developments in the EUR/USD currency pair, we note the price correction in the USD/JPY pair, we keep an eye on the strengthening of the GBP vs USD, we highlight the market’s reaction to the bond purchases decision by the Bank of Japan, the Japanese CPI, the German Retail Sales, and the Euro-zone Unemployment Rate, we discuss new forecasts from DZ Bank and UBS, and prepare for the trading session ahead.