Risk Sees EUR/USD Tumble, USD/JPY Mixed, Gold Hold Below $1,400
Volatility refuses to recede, and the heightened threat level has backed the markets back up to critical technical levels. The S&P 500 has dropped back to the floor of a suspicious reversal pattern, EURUSD erased all of its gains from Tuesday and the yen crosses have moderated their BoJ / stimulus recovery. A true shift in sentiment will come like a flood with rapid price movement, high volume levels and severe correlations; but there will no doubt be evidence of its approach beforehand. And, we are already starting to see some of the evidence today. We discuss the probabilities and opportunities in the delicate balance of 'risk on' and 'risk off' in today's video.
Take this quiz to assess your trading IQ! (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.