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One Last Bout of Volatility for USD Before Holidays - Today

One Last Bout of Volatility for USD Before Holidays - Today

2014-12-23 11:25:00
Christopher Vecchio, CFA, Sr. Currency Strategist
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Talking Points:

- Bloated economic calendar today provides opportunity for vol.

- EURUSD and GBPUSD nearing breakout points.

- December forex seasonality foresaw a modestly weaker Euro.

Today's US economic data could go a long way towards helping the US Dollar achieve one last rally to fresh yearly highs before the holidays. See the above video for technical considerations in EURUSD, GBPUSD, and USDCHF.

Read more: Euro Flounders at Yearly Lows as Likelihood of ECB QE Increases

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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