July 7 2014

In the trading room today: USD, EUR and GBP Weekly Outlook. In the aftermath of the 4th of July holiday weekend and ahead of the Bank of England monetary policy announcement, we focus on the USD, the EUR and the GBP and explore what the new trading week might have in store for these three currency majors, 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 price correction in the GBP/USD currency pair, we note the bounce higher of the EUR vs USD, we keep an eye on the USD/JPY pair, we highlight the market’s reaction to the U.S. Non-farm Payrolls, we discuss new forecasts from Goldman Sachs and Bank of Tokyo-Mitsubishi, and prepare for the trading session ahead.