News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Forex: EURUSD and NZDUSD Reversal vs Breakout

Forex: EURUSD and NZDUSD Reversal vs Breakout

John Kicklighter, Chief Strategist

Talking Points:

EURUSD has been curbed by 1.3900 - temporarily at least - as S&P 500 presents another slip for risk

• The New Zealand dollar carries the top market-moving potential ahead with the RBNZ rate decision

• Rate forecasts and risk trends form the foundation for both EURUSD and NZDUSD

Sign up for DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

With major technical levels at hand for the majors - some still holding, some broken - speculators await the next burst of volatility. For the ever-elusive risk theme, we are seeing another early swell in fear. With the S&P 500 pulling back to channel support, the emerging market currencies favoring safe havens and yen crosses easing back; there is a uniform sentiment move. Yet, still absent is the conviction that will amplify these trends and change the actual tone of the market. Meanwhile, monetary policy will take center stage. We've had updates on Euro, Pound and Yen based policy forecasts. Up next, the market is expecting the first rate hike amongst the majors: the RBNZ for the New Zealand dollar. We discuss risk trends and rate expectations in today's Trading Video.

Sign up for John’s email distribution list, here.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES