August 20 2014

In the trading room today: Are there More USD Gains to Come vs EUR and JPY? As the USD manages to break significant support and resistance levels against the EUR and the JPY, we examine the factors fueling the greenback’s strength and ponder if there might be further gains to come for the USD, we analyze the bearish breakout in the EUR/USD currency pair, we note the break above resistance in the USD/JPY pair, we continue to monitor the GBP/USD and EUR/GBP pairs, we highlight the market’s reaction to the U.K. CPI, the Bank of England Meeting Minutes, and the U.S. CPI, we discuss new forecasts from Goldman Sachs and Bank of New York-Mellon, and prepare for the trading session ahead.