November 6 2013

In the trading room today: What will the Next Move by the ECB Mean for the EUR? Ahead of tomorrow’s monetary policy announcement by the European Central Bank, we explore the odds of a rate cut or other forms of additional easing and examine how the ECB decision could shape the future trend of the EUR against the other currency majors, we analyze the latest trend developments in the EUR/USD currency pair, we continue to monitor the rally of the GBP vs USD, we take a look at the USD/JPY pair, we highlight the market’s reaction to the German Factory Orders, the Euro-zone Services PMI and the U.K. Industrial Production, we discuss new forecasts from Bank of America, Royal Bank of Scotland, JPMorgan Chase and UBS, and prepare for the trading session ahead.