Forex Trading Video: Yen Crosses and S&P 500 Checked Lower, Break Risk?
• The stories of isolated risk flare-ups are becoming more frequent, their connection is a matter of time
• With bigger risk boundaries still in place, the yen crosses and equities are still showing volatility
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.
Though its magnitude was far from 'panic' levels, risk aversion was still pushing the S&P 500 and Yen crosses back to significant support. With the benchmark equity index and key pairs like GBPJPY once again facing much larger changes in course, it is worth noting the regularity with which we are seeing new reports of financial system risks. Most are still being treated as unique and isolated; but as their frequency increases, the underlying influences leading to these various problems will become more evident. We take stock of our risk bearings for near-term trades and longer-term potential as well as building yield forecast momentum for the likes of the Aussie dollar in today's Trading Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.