September 13 2013

In the trading room today: USD Outlook ahead of the FOMC Meeting. With the long-anticipated FOMC meeting on top of the agenda for traders next week, we examine the odds of a Fed taper announcement on September 18 and prepare the scenarios for how the USD could be impacted by the outcome of the U.S. central bank’s meeting, we list the Top 10 spotlight economic events that will move the markets in the week ahead, we examine the consensus forecasts for the upcoming economic data, we analyze the range bound price fluctuations in the EUR/USD and the GBP/USD currency pairs, we keep an eye on the USD vs JPY, we highlight the market’s reaction to the Japanese Industrial Production and the U.S. Retail Sales, we discuss new forecasts from Goldman Sachs and BNP Paribas, and prepare for the trading session ahead.