June 2014

In the trading room today: Will the USD Weaken Further vs JPY? Following the U.S. dollar’s break below its 200-day moving average against the Japanese yen, we examine the fundamental and technical factors weighing on the greenback and explore the potential for further continuation of the decline of the USD vs JPY, we analyze the bearish breakout in the USD/JPY currency pair, we note the strengthening of the EUR vs USD, we continue to monitor the bullish trend in the GBP/USD pair, we highlight the market’s reaction to the Euro-zone HICP, the U.S. Pending Home Sales and Chicago PMI, we discuss new forecasts from Royal Bank of Canada and Bank of Tokyo-Mitsubishi, and prepare for the trading session ahead.


USA 

In the trading room today: EUR Outlook ahead of the ECB Meeting. As the usual low volatility trading week and month wind down, we explain why the EUR will steal the spotlight in the week ahead and explore how the European Central Bank’s monetary policy meeting could impact the future direction of the single currency, we list the Top 10 spotlight economic events that will move the markets, we examine the consensus forecasts for the upcoming economic data, we analyze the bounce higher in the EUR/USD currency pair, we take a close look at the break below the 200-day moving average in USD/JPY pair, we keep an eye on the bullish trend of the GBP vs USD, we highlight the market’s reaction to the German CPI, the U.K. GDP, and the U.S. Consumer Sentiment Index, we discuss new forecasts from Royal Bank of Scotland and Morgan Stanley, and prepare for the trading session ahead.

In the trading room today: Is the NZD Heading to All Time Highs vs USD? With yet another downward revision of the U.S. Q1 GDP weighing on the greenback, we turn our attention to the carry trade favorite NZD and explore the potential for the Kiwi to target and possibly even establish new all time highs against the USD, we analyze the latest trend developments in the NZD/USD currency pair, we continue to monitor the range bound EUR/USD pair, we note the renewed buying interest for the GBP vs USD, we highlight the market’s reaction to the Bank of England Financial Stability Report, the U.S. GDP and Jobless Claims, we discuss new forecasts from Morgan Stanley and Standard Chartered, and prepare for the trading session ahead.

In the trading room today: Can the BOE Successfully Talk the GBP Down? Following the Bank of England’s inflation report hearings at which Governor Mark Carney tried to damp expectations of a rate hike, we focus on the GBP and ponder if the market will take seriously the U.K. central bank’s attempts to talk down its currency, we analyze the correction of the GBP gains vs USD, we take a look at the bullish move in the EUR/USD currency pair, we keep an eye on the low volatility in the USD/JPY pair, we highlight the market’s reaction to the Euro-zone Composite PMI, the German Ifo Business Climate Index, and the U.S. Existing Home Sales, we discuss new forecasts from Citigroup, PIMCO and Morgan Stanley, and prepare for the trading session ahead.

In the trading room today: USD New Trading Week Outlook. As the USD wraps up the week on a weak note and registers new lows against the GBP, we focus on the economic calendar for the final trading week of June and examine what could be drivers for the greenback’s trend in the week ahead, we list the Top 10 spotlight economic events that will move the markets, we examine the consensus forecasts for the upcoming economic data, we analyze the pullback of the EUR vs USD, we continue to monitor the bullish trend in the GBP/USD pair, we note the range bound price fluctuations of the USD/JPY pair, we highlight the market’s reaction to the Euro-zone Current Account and Consumer Confidence, we discuss new forecasts from Morgan Stanley and UniCredit, and prepare for the trading session ahead.