News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
AUDUSD and Stocks Stabilize the Last Minute, EURUSD Still at Risk

AUDUSD and Stocks Stabilize the Last Minute, EURUSD Still at Risk

John Kicklighter, Chief Strategist

After three days of solid risk aversion (helping the dollar while weighing the Euro and Aussie dollar), there was finally a break in the storm. Those that follow the fundamentals and technicals note that this breather came at a critical time - just before the AUDUSD and S&P 500 took the next step towards a critical reversal. Looking at the fundamental developments of the past session, the backdrop has not actually improved. Rather, the hesitance to usher in the next leg down is more likely in respective to upcoming event risk: US GDP. With major event risk ahead, we will build pressure behind a potentially more explosive move (bullish or bearish) later.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES