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Fundamental Forecast: Readying for EURUSD and GBPUSD Trends on Key Event Risk

By , Chief Currency Strategist
12 May 2014 19:21 GMT

Talking Points:

• The FX market was punctuated by the EURUSD's channel reversal and a few key USDJPY technical breaks

• Monetary policy considerations were fundamental to EURUSD's move and may decide much larger trends ahead

• Risk themes are also garnering interest with the S&P 500 break, but skepticism weighs

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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. These sessions are held live every Monday at 16:30 GMT. EURUSD tumbled this past week to threaten a long-term bull trend while the S&P 500 has opened the week to a strong bullish break. Can both of these trends develop concurrently? That will be decided by fundamentals. On the one hand, we have risk trends on equity indexes and Yen crosses that grow increasingly stretched. On the other, there is a dense round of key event risk for rate speculation for the dollar, euro and pound to weigh. We weight these fundamental drivers for the week ahead.

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12 May 2014 19:21 GMT