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Forex: AUD/USD Breaks Higher as Dow Hits Record, Wait on ECB for EUR/USD

Forex: AUD/USD Breaks Higher as Dow Hits Record, Wait on ECB for EUR/USD

John Kicklighter, Chief Strategist

The Dow Jones Industrial Average surged to record highs this past session, but the 'risk on' sentiment seemed weak for the FX market. As always, the lack of solid fundamental support for an otherwise stimulus-led move demands caution; but we have seen what trading against a committed central bank or central banks can do to trades. In today's video, we run through the appealing setups for a positive and negative risk outlook with a mind towards looming event risk including: the ECB rate decision, NFPs, BoC decision, BoE decision and BoJ stimulus commitment.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.