USD/JPY, EUR/USD and GBP/USD Top Setups with Heavy Fundamental Themes
The Dow Jones FXCM Dollar Index (ticker = USDollar) ended a record, bullish rally with a reversal this past week; but this is only one major tradable FX theme to watch going forward. Alongside the dollar's shift, we also have an extreme positioning on risk trends, an exhausted Pound decline that could generate a larger correction and Japanese yen bears that may have set the crosses up for disappointment. These themes offer serious trade opportunities - including USDJPY, EURUSD and GBPUSD amongst others - but the fundamental progress matters. We discuss the themes and trade scenarios in this weekend's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.