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Today's All Things Forex Broadcast: Is the EUR/USD Pair Ready to Transition Below $1.30?


In the broadcast today: Is the EUR/USD Pair Ready to Transition Below $1.30? As massive risk aversion hits the markets on renewed concerns about the outcome of the Greek and EU debt crisis, we focus on the EUR and examine the EUR/USD currency pair exchange rate's fluctuations within its existing 1000 PIP Range and the potential for a transition into a new range below $1.30, we note the impact of this morning's risk averse environment on the commodity currencies: CAD, AUD and NZD, we take a close look at the AUD weakness after the statement from the Reserve Bank of Australia, we highlight the market's reaction to the latest news from the Euro-zone and Greece, the RBA interest rate announcement, the German Retail Sales, and the U.S. Factory Orders and Pending Home Sales, we discuss new forecasts from Deutsche Bank and BNP Paribas, and prepare for the important economic reports scheduled for release in the trading session ahead.

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