August 22 2013

In the trading room today: Will the USD Find More Strength on Fed Taper Odds? Following the FOMC Minutes report, we examine the odds of a Fed taper announcement at the September meeting and explore the potential impact on the USD from the expectations of a reduction of the Fed’s monthly asset purchases, we analyze the latest trend developments in the EUR/USD currency pair, we take a look at the pullback in the GBP/USD pair, we note the strengthening of the USD vs JPY, we highlight the market’s reaction to the Euro-zone Manufacturing and Services PMI, and the U.S. Jobless Claims, we discuss new forecasts from Deutsche Bank and Barclays, and prepare for the trading session ahead.