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Forex: How Will EUR/USD and USD/JPY React to GDP, FOMC

Forex: How Will EUR/USD and USD/JPY React to GDP, FOMC

John Kicklighter, Chief Strategist

The week's most market-moving event risk is due in the upcoming session as both the USDollar and S&P 500 linger at relative highs. Through the European session, Euro traders (particularly EURUSD and EURGBP) should keep an eye on the release of Spain's 4Q GDP figure - the first of the Eurozone's growth reports. However, for anything with a distinct dollar, risk or stimulus-sensitivity; the focus will remain on the US GDP report due early in the New York session and Fed rate decision in the later afternoon. How will these big-ticket events influence the markets and where will potential trades develop? We discuss that 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.