Have EUR/USD and USD/JPY Signaled a True Trend Reversal?
According to many measures, Monday was the most volatile trading day for the broader market in years. The question for those trading the large EURUSD, USDJPY, S&P 500 and other risk-sensitive asset moves is whether this is a lasting sentiment change. There were a number of individual catalysts that happened to align Monday including the complicated Italian election, news of a leading BoJ Governor candidate and the first reaction to the UK downgrade amongst others. Individually, these events would stir serious volatility for their respective target currencies. However, could there be something deeper to this market swell? Have we seen underlying risk trends instigate a lasting trend? We discuss these themes, there implications, trade opportunities with each scenario 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.