August 29 2013

In the trading room today: Has the Period of EUR Strength Come to an End? As the EUR drops below the bottom of its weekly range and heads lower, we take a close look at the single currency and examine the factors supporting the USD that could help the greenback to end the two-month period of euro strength, we analyze the bearish breakout in the EUR/USD currency pair, we keep an eye on the GBP/USD pair, we note the strengthening of the USD vs JPY, we highlight the market’s reaction to the Japanese Retail Sales, the German Unemployment and the U.S. Pending Home Sales, we discuss new forecasts from Credit Suisse and HSBC, and prepare for the trading session ahead.