Euro Crisis Fears Building, Dollar Awaits S&P 500 Collapse
Euro-area financial crisis concerns are gaining enough traction to potentially establish a dominant and self-generating trend. With EURUSD taking a sharp tumble to fresh four-month lows this past session, we see Cyprus fears slowly evolving into regional systemic concerns. There is serious, potential energy behind this fundamental theme; but it is only one of a number of bigger catalysts that can jump start volatility or even trend development in the days and weeks ahead. We discuss the opportunities in the Euro-crisis evolution, the countdown to the Bank of Japan's meeting and broader risk appetite 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.