August 14 2013

In the trading room today: Will the Eurozone’s Return to Growth Help the EUR? As the Eurozone Q2 GDP estimate showed that the 17-nation economy finally ended the prolonged recession, we focus on the EUR and ponder if the Eurozone’s return to growth will be able to give a boost to the single currency, we analyze the latest trend developments in the EUR/USD currency pair, we take a look at the GBP/USD pair following this morning’s events from the UK, we keep an eye on the USD/JPY pair, we highlight the market’s reaction to the Eurozone GDP, the German and the French GDP, the Bank of England Meeting Minutes and the UK Unemployment Rate, we discuss new forecasts from BNP Paribas and Societe Generale, and prepare for the trading session ahead.