Volatility Risk High for EUR/USD Ahead of ECB, GBP/USD with BoE
We are heading into the heaviest fundamental thicket of the week, and pairs like EURUSD and GBPUSD will be highly sensitive to change. At the top of the market's watch list is the ECB rate decision which has drawn remarkable speculation from the market for fresh easing after the euro's incredible rise and the troublesome reduction of liquidity in the Euro-area financial markets. This event risk may prove market moving regardless of the outcome...and it is hard to envisage a scenario where it truly supports euro bulls. We discuss the ECB decision and its trading opportunities as well as the GBPUSD's immediate opportunity and a concerning momentum in risk trends in today's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.