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  • Hey traders! With the bullish bias in the past few days, what are some highlights we are getting into today? Find out 👇 from @DailyFX Chief Strategist, @JohnKicklighter ! https://t.co/eXO2YWutRY
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Why Euro Crisis and Growth Downgrades Don't Drive EURUSD to 1.2800

Why Euro Crisis and Growth Downgrades Don't Drive EURUSD to 1.2800

2012-10-09 01:21:00
John Kicklighter, Chief Strategist
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The opening 24 hours of trading this week were not kind to risk trends in general and the Euro-area in particular. However, neither high sensitivity speculative assets (like the S&P 500 and AUDUSD) nor the benchmark EURUSD made a substantial push lower through Monday. What is the disconnect? Are fundamentals simply not important or perhaps we don't have the right fundamentals? We discuss what is driving the market this week as well as setups for different scenarios in today's video.

New to FX? Watch this Video.

Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

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

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