Forex: Dollar Range and S&P 500 Bear Trend Meet NFPs
• The November NFPs has the capacity to impact both the dollar and risk trends through Taper fears
• Friday's event risk can carry a short-term volatility impact and lasting trend drive into next week
Join David Rodriguez as he covers the market's reaction to the NFPs release live in DailyFX-Plus
The monetary policy fireworks (ECB and BoE) this past session generated unexpected moves for EURUSD and GBPUSD. Both pairs - and global capital markets - will be exposed to another spark of volatility today with NFPs. As markets attempt to fall into a comfortable lull through December, investors are weighing the threat of heavy turn in risk trends spurred by Taper speculation - among other systemic problems. In today's Trading Video, we discuss potential in the November US employment data, the lasting ramifications of yesterday's monetary policy decisions and the trade options given year-end market conditions.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.