October 31 2013

In the trading room today: Is the EUR Rally Coming to an End? In the aftermath of the less dovish Fed statement and following a sequence of disappointing economic data from the euro-zone this morning, we examine the factors behind the weakness of the EUR and ponder if we may be witnessing the end of the multi-month rally of the single currency, we analyze the bearish breakout in the EUR/USD currency pair, we take a look at the GBP/USD pair, we keep an eye on the range in the USD/JPY pair, we highlight the market’s reaction to the FOMC and the Bank of Japan interest rate announcements, the Euro-zone HICP and Unemployment Rate, we discuss new forecasts from Barclays and UBS, and prepare for the trading session ahead.


USA