August 26 2014

In the trading room today: Is the USD Rally Due for a Correction? As the USD comes off its recent highs vs the EUR, the GBP and the JPY, we ponder if the greenback’s rally across the board is due for a bit of a correction and explore what might be the next move for the U.S. dollar against the other currency majors, we analyze the bounce higher in the EUR/USD currency pair, we continue to monitor the GBP/USD pair, we take a look at the pullback of the  of USD vs JPY, we highlight the market’s reaction to the German Ifo Index, the U.S. New Home Sales and Durable Goods Orders, we discuss new forecasts from Westpac Banking Corp. and Nomura Holdings, and prepare for the trading session ahead.