July 19 2013

In the trading room today: Focusing on the EUR and the GBP in the Week Ahead. At the end of the week which was all about looking for clarity on the Fed’s future monetary policy, we turn our attention to the EUR and the GBP as the currencies to watch next week and explore the outlook for these two currency majors, we list the Top 10 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 bullish stance of the GBP/USD pair, we keep an eye on the USD trend vs JPY, we highlight the market’s reaction to the US Jobless Claims and the Philly Fed Manufacturing Index, we discuss new forecasts from Bank of Tokyo-Mitsubishi and BNP Paribas, and prepare for the trading session ahead.