Today’s All Things Forex Broadcast: USD, EUR and GBP: Back to the “New Normal”?
In the broadcast today: USD, EUR and GBP: Back to the “New Normal”? With equities posting their first three-day rally since April, we ponder if the EUR, USD, GBP and other major currencies are ready to resume their existing mid- and long-term trends or if we may be witnessing a shift in investor sentiment that could lead to the development of trend reversals for the currency majors, we analyze the latest trend developments with the EUR/USD, GBP\/USD and EUR\/GBP currency pairs, we examine the renewed strength of the commodity currencies: AUD, CAD and NZD, we note the double bottom support established for the USD\/JPY pair, we highlight the market’s reaction to the Australian Employment Situation report, the U.K. Industrial Production, the ECB and the Bank of England interest rate announcements, and the U.S. Jobless Claims, we discuss new forecasts from Goldman Sachs and Commerzbank, and prepare for the trading session ahead.