Forex: Trading EUR/USD, EUR/JPY, AUD/USD in Holiday Conditions
Risk aversion started to catch some traction through the end of this past week following S&P 500's after-hours, flash collapse. This early shift makes over-extended pairs like EURUSD, EURJPY, AUDUSD and many other risk-sensitive pairs look particularly tempting. However, this is the kind of setup that requires all three elements - fundamentals, technicals and general market conditions - to generate lasting trends. In this weekend video, we discuss how holiday trading conditions will shape the markets and the what the best trading approach is through this high-risk and low-speculative liquidity period.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.