July 12 2014

In the trading room today: Are the JPY and the CHF Coming Back in Style? In light of the renewed concerns about the banking crisis in Portugal and the possibility of reigniting the euro-zone debt crisis, we focus on the JPY and CHF and ponder if risk aversion could fuel further gains for these two safe haven currencies, 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 USD/JPY and EUR/JPY currency pairs, we take a look at the pullbacks in the EUR/USD and GBP/USD pairs, we continue to monitor the bullish trend of the NZD vs USD, we highlight the market’s reaction to the latest news from Portugal and the FOMC Meeting Minutes, we discuss new forecasts from Bank of Tokyo-Mitsubishi and Morgan Stanley, and prepare for the trading session ahead.