November 18 2013

In the trading room today: USD, EUR and GBP New Trading Week Outlook. As the USD rally from early November continues to fizzle following the remarks by Fed officials and the softer U.S. economic data, we examine the factors behind the USD weakness and explore the outlook for the greenback against the EUR, the GBP and other currency majors, 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 resilience of the EUR vs USD, we take a look at the rebound in the GBP/USD currency pair, we keep an eye on the USD/JPY pair, we highlight the market’s reaction to the Euro-zone Current Account and Trade Balance, we discuss new forecasts from Commerzbank and UBS, and prepare for the trading session ahead.