December 27 2013

In the trading room today: Is the EUR Bound to Strengthen Further in 2014? As the December “europhoria” extends the single currency’s rally to a new two-year high against the U.S. dollar, we examine the factors fueling the euro’s gains and explore the potential for further strengthening of the single currency against the USD in 2014, 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 latest trend developments in the EUR/USD currency pair, we continue to monitor the rally in the GBP/USD pair, we note the new multi-year high of the USD vs JPY, we highlight the market’s reaction to the statement by an ECB policy maker, the Japanese CPI and Retail Sales, we discuss new forecasts from Standard Chartered and UBS, and prepare for the trading session ahead.


USA