GBP/USD and USD/JPY Top the Trade List with Fed, UK, Cyprus, BoJ Risk
The markets will face the culmination of major event risk over the coming 24 hours that can spur serious volatility and potentially revive dormant risk-based trends. Given the attractive technical setups for pairs like GBPUSD, USDJPY, EURUSD and others; the combination of fundamentals and technicals may look particularly tempting. However, this market environment will be more difficult to wield than the simple patterns imply. With a critical Fed decision, UK budget, Cyprus-born Eurozone fears and looming BoJ stimulus wave all on tap; it is important to be prepared for the different scenarios. We discuss this fundamental mix and the trading opportunities in today's video.
How does a Currency War affect your FX trading? (Initial login required)
Sign up for John’s email distribution list, here.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.