October 30 2013

In the trading room today: Will the Fed Trigger Additional USD Weakness? A few hours ahead of the Federal Open Markets Committee monetary policy announcement, we explore the scenarios for the outcome of the Fed meeting and examine the potential impact of the U.S. central bank’s decision on the future fate of the U.S. dollar, we analyze the latest trend developments in the EUR/USD currency pair, we keep an eye on the pullback in the GBP/USD pair, we note the strengthening of the USD vs JPY, we highlight the market’s reaction to the Spanish GDP, the U.S. CPI and ADP Employment report, we discuss new forecasts from Bank of America and Royal Bank of Canada, and prepare for the trading session ahead.