We Have Fundamentals to Fuel EUR/USD, USD/JPY and GBP/USD Breakouts
GBPUSD put in for a breakout as expected this past session with the help of specific event risk (UK GDP) to catalyze a larger fundamental them. Looking into the final trading hours of this week and beyond, we have four major themes that will carry tremendous sway over volatility and trend development. We discuss risk appetite trends, an oversold yen and BoJ rate decision, growing speculation of an ECB rate cut and the tempered expectations of UK stimulus - as well as what trade opportunities this presents - in today's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.