The dollar was the top performer this past session as Taper speculation encouraged an extended correction for EURUSD and GBPUSD, while leveraging USDJPY above 97.50. This fundamental engine, however, doesn't represent much of a lasting drive - unless the upcoming speech by St. Louis Fed President Bullard rocks risk trends that have grown dependent on stimulus. In today's video, we offer a quick look at the bigger themes while focusing on important upcoming event risk (Eurozone GDP, UK employment) and run down the trade risks and opportunities this wave presents.
Find out what event risk can threaten the trade setups discussed in today's video with the DailyFX Economic Calendar.
New to Forex? Watch this video.
Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.
Sign up for John’s email distribution list, here.
