October 25 2013

In the trading room today: USD Outlook ahead of the FOMC Meeting. With the Federal Open Markets Committee meeting guaranteed to take the center stage in the week ahead, we examine the prospects of a change in the existing monetary policy of the Fed and explore the outlook for the USD against the EUR, the GBP and other currency majors, we list the Top 10 spotlight economic events that will move the markets next week, we examine the consensus forecasts for the upcoming economic data, we analyze the resilience of the EUR vs USD, we take a look at the GBP/USD pair following this morning’s positive U.K. economic data, we keep an eye on the USD/JPY currency pair, we highlight the market’s reaction to the German Ifo Business Climate Index, the U.K. GDP and the U.S. Consumer Sentiment, we discuss new forecasts from Bank of Tokyo-Mitsubishi and PIMCO, and prepare for the trading session ahead.