August 28 2013

In the trading room today: Could Tomorrow Mark the Beginning of a USD Rally? With the U.S. GDP and other notable economic data scheduled for release in the trading session tomorrow, we explore the potential for these notable reports to trigger a USD rally that could extend into the new trading month of September, we analyze the weekly range in the EUR/USD currency pair, we take a look at the decline in the GBP/USD pair, we keep an eye on the USD vs JPY, we highlight the market’s reaction to the German Ifo Index and the U.S. Consumer Confidence, we discuss new forecasts from Mizuho Bank and Commerzbank, and prepare for the trading session ahead.