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Forex Trading Video: Tension in Risk Advance, Euro and Yen Pairs

Forex Trading Video: Tension in Risk Advance, Euro and Yen Pairs

2014-04-03 02:29:00
John Kicklighter, Chief Strategist
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Talking Points:

• Congestion and remarkably consistent but conviction-lacking trends are abundant in equal parts

• The upcoming ECB rate decision is top scheduled event risk, but the market assumes its outcome is certain

• Meanwhile, yen crosses have pushed for an exaggerated run on the back of a hollow equity rally

Download the Consecutive Bar Indicator used in today's video for free and use it to measure the historical significance and over-extended level of the markets.

Whether we are talking about the S&P 500's advance to record highs, yen crosses extraordinarily consistent rally or the calm for EURUSD; there is a sense of suspense and suspicion lurking just beneath the surface. Resolving the disparity in prevailing market performance and their general lack of fundamental substance might seem inevitable with the upcoming wave of event risk risk; but on many accounts, it is expected to fall short or miss the mark on the underlying theme. Will the ECB rate decision jump start an eventual EURUSD breakout? Could Friday NFPs sour risk trends and turn the yen crosses off record-breaking bull runs? Is there enough fundamental power to turn a GBPUSD breakout into a trend? We discuss this technical and fundamental imbalance in today's Trading Video.

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