Forex: Will We See AUD/USD, EUR/USD Trends with Greece, Fed on Tap?
There is heavy event risk due over the coming week...the kind of event risk that can engage underlying fundamental themes and generate lasting trends. However, should we look for trends to develop on the outcomes of the Greek aid agreement, Fed stimulus decision and possibly the Fiscal Cliff resolution? The baseline scenarios for all of these issues are to avoid crisis and spur a relief rally. Alternatively, the technical boundaries suggest we are more prone to reversal. Yet, I am most concerned about market conditions. If expectations are priced in and the speculative liquidity is thin, can we actually generate a lasting trend? We discuss the heavy event risk on deck for next week and the market conditions that they will be released in - along with the best trading approach and setups - in today's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.