October 4 2013

In the trading room today: EUR and USD New Trading Week Outlook. Without the non-farm payrolls and unemployment rate releases today due to the U.S. government shutdown, we take a close look at the economic calendar and explore the main factors that will impact the direction of the USD and the EUR in the week ahead, we list the Top 10 economic events that will move the markets, we examine the consensus forecasts for the upcoming economic data, we analyze the rally of the EUR/USD currency pair, we note the price correction in the GBP/USD pair, we keep an eye on the pullback in the USD/JPY pair, we highlight the market’s reaction to the Bank of Japan interest rate announcement, the Euro-zone Retail Sales and Services PMI, we discuss new forecasts from Citigroup and Barclays, and prepare for the trading session ahead.