EURUSD and Equities Rally, Risk Trends Themselves Give Reason to Doubt
US equities rallied for a second day from critical support and EURUSD joined the crowd and easily cleared 1.3000 in the process. It would seem risk trends are in control and sentiment is on the rise. However, when we look at the correlations and convictions behind the 'risk on' drive, we are left with more answers. Why is AUDUSD struggling to climb alongside the Dow Jones Industrial Average while the EURSUD seems to be in lock step? What is driving confidence higher? What does a fair value look like from a purely risk-reward view? We look at this and more in today's video...
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.