Forex: USDJPY and EURNZD Offer Trades for Different Market Directions
A rebound for equities and an uneven environment of risk appetite has left us with a range of high-tension technical patterns that present trades for different market conditions moving forward. While the relationship between the US dollar and its Taper interest and the S&P 500 with its proclivities towards moral hazard remains my top concern, there are trade opportunities that don't require a full-scale fundamental drive to play out. In today's video, we discuss the fundamental contradiction between Japanese yen and New Zealand dollar setups; and why they can both play out in these markets.
Find out what event risk can threaten the trade setups discussed in today's video with the DailyFX Economic Calendar.
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.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.