December 10 2013

In the trading room today: Is a Correction of the EUR Gains Long Overdue? With the EUR nearing its recently established highs for the year, we examine the seemingly unstoppable rally of the single currency and ponder if the upcoming Fed meeting on December 17-18 could trigger a price correction of the euro’s gains against the USD, we analyze the move toward an important resistance level for the EUR/USD currency pair, we take a look at the GBP/USD pair following the comments from Bank of England’s Governor, we note the pullback in the USD/JPY pair, we highlight the market’s reaction to the U.K. Industrial Production and the Eurogroup meeting, we discuss new forecasts from Mizuho Bank and UBS, and prepare for the trading session ahead.


USA