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Forex: Looking for the Fundamental Cue for EURUSD, GBPUSD Trades

Forex: Looking for the Fundamental Cue for EURUSD, GBPUSD Trades

2014-01-07 04:50:00
John Kicklighter, Chief Strategist
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Talking Points:

• The 'risk' related trade options are broad, but the theme itself is full of false starts

• Meanwhile, monetary policy trends are giving clear direction as liquidity returns in 2014

• An unfavorable EU data flow and 1.3650 hold can set the stage for a EURUSD setup

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While many traders hold their breath for the next big 'risk on' or 'risk off' move, a return of liquidity sets up more consistent EURUSD, GBPUSD, USDJPY trade setups. Rather than time the eventual collapse of complacency into a deleveraging whirlwind, we have an active FX market development in relative monetary policy. Fed officials this past weekened offered up a very hawkish lean - enough to cool the dovish expectations from Janet Yellen's normanation as the FOMC Chair. Meanwhile, Euro-area inflation data today and data misses in the UK are drawing a deeper contrast in policy bearings. We talk about the possiblities and active themes in today's Trading Video.

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