Forex Trading Video: Headlines Stir ECB, Fed Rate Expectations but Not EURUSD
• While the S&P 500 suggests a short-term risk break may be at hand, rate forecasts are a key driver
• Despite a softer Eurozone inflation report, Euro traders are not building up ECB stimulus potential
• A new fiscal year in Japan brings a serious tax hike, will the BOJ be called to task?
Find out what event risk can threaten the trade setups discussed in today's video with the DailyFX Economic Calendar.
Headlines of retreating Euro-area inflation pressures and Fed Chairwoman Yellen's comments on accommodation kicked off a week focused on rate speculation. And yet, EURUSD has yet to revive a clear run. We have waded through just the first wave of rate fodder for the week, and the implications of the event risk are serious. The immediate impact of this event risk on the other hand is dampened by expectations of subsequent waves of more important updates seen just a little later this week. How are expectations leaning and which currencies are more likely to generate volatility this week? We discuss this and the potential for a near-term risk breakout 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.