Markets Await ECB and NFPs, Look Beyond Event Risk for the Dollar
We are heading into a period were volatility will be leveraged but trend will be inherently curbed by the absence of the US markets. To further complicate things, the ECB rate decision on Thursday and Nonfarm Payrolls on Friday will help build speculative pressure and potential encourage a violent return to risk trends. In today's video, we discuss the market conditions we have to look forward to over the coming 48 hours as well as the bigger picture for risk appetite trends and the US dollar.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.