All Things Forex Trading Room: USD Outlook ahead of the FOMC Meeting

In the trading room today: USD Outlook ahead of the FOMC Meeting. With the long-anticipated FOMC meeting on December 17-18 taking the center stage in the week ahead, we examine the odds of a Fed taper announcement and explore the outlook for the USD against the EUR, the JPY 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 forecast for the upcoming economic data, we analyze the price correction in the EUR/USD currency pair, we take a look at the pullback in the GBP/USD pair, we note the new 2013 high for the USD vs JPY, we highlight the market’s reaction to the Japanese Industrial Production, the U.S. Retail Sales and Jobless Claims, we discuss new forecasts from Goldman Sachs and Standard Chartered, and prepare for the trading session ahead.

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