Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

DailyFX Home / Video / Daily News Report

Forex: Whether EUR/JPY’s Rally or AUD/USD Retreat, Watch Risk

By , Chief Currency Strategist
30 November 2012 04:25 GMT

There was considerable event risk this past trading session, but the market did not respond as expected. The speculative-favored S&P 500 continued its climb despite signs that the stand off on the Fiscal Cliff was growing heated. At the same time, the safe-haven US dollar managed to gain traction against some of its higher risk profile countparts. The sparks are flying and volatility is picking up, but speculative bearings remain mixed. That creates a dangerous trading environment. In today's video, we discuss what this disconnect means for our trading as well as why stand outs (like the yen crosses) will struggle without the bigger theme carrying a trend.

New to FX? Watch this Video

Sign up for John’s email distribution list, here

30 November 2012 04:25 GMT