All Things Forex's  Instablog

In the broadcast today: EUR and EU Summit- A Game Changer or More of the Same? As all eyes turn to tomorrow's big event from the Eurozone, we explore the scenarios for the outcome of the EU Summit and ponder if this time around the EU leaders would be capable of delivering the promised "comprehensive solutions" to contain the debt crisis or if the summit will offer more disappointment which could see selling pressures quickly mounting on the EUR, we analyze the range-bound price fluctuations in the EUR/USD currency pair, we examine the latest trend developments with the GBP/USD pair following the BoE monetary policy decision, we keep an eye on the AUD and NZD after a series of important events from "down under", we highlight the market's reaction to the Reserve Bank of New Zealand, the Bank of England and the European Central Bank interest rate announcements, the Australian Employment report, and the U.S. Jobless Claims, we discuss new forecasts from Morgan Stanley and Barclays, and prepare for the trading session ahead.

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