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Today's All Things Forex Broadcast: EUR Relief Rally Underway But Can It Last?

In the broadcast today: EUR Relief Rally Underway But Can It Last? In light of the newly-found optimism that the EU debt crisis will be contained, we examine the factors behind the current strengthening of the single currency, we note the EUR relief rally but explain why we remain doubtful about its sustainability, we analyze the bullish breakout in the EUR/USD currency pair, we keep an eye on the range of the USD/JPY pair, we take a look at the GBP/USD currency pair's test of an important resistance level, we highlight the market's reaction to the statement of the warnings from Moody's and Fitch Ratings, the drop in U.K. public finances, and the reports of ECB measures to cap borrowing costs, we discuss new forecasts from Bank of New York-Mellon and Standard Chartered, and prepare for the trading session ahead.

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