EURUSD and Stocks Show Signs of Life - Will it Trend or Reverse?
Both the EURUSD and S&P 500 posted their biggest rallies in nearly two weeks Thursday, and the infusion of volatility into these otherwise dead markets didn't go unnoticed. In today's video, we look at this move and weigh the influence of multi-month highs for US equities against the still, extreme-low in volatility and liquidity measures. We discuss the short-term potential in EURUSD, GBPUSD and AUDUSD among others while keeping the standing risk of a sudden return to volatility for the broader market in perspective.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.