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Forex Trading Video: Genuine Risk, Yen Cross, EURUSD Reversals?

Forex Trading Video: Genuine Risk, Yen Cross, EURUSD Reversals?

2014-04-04 22:01:00
John Kicklighter, Chief Strategist
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Talking Points:

NFPs proved a catalyst for both risk trends and the dollar, but the impact is surprising

• Reversals in sentiment and yield advantage are just starting to take root, but conviction is tricky

• The Yen, Euro and Dollar crosses will be of particular interest in week ahead

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.

It seems the perfect scenario where speculative appetites over-reached and a key piece of event risk - NFPs - tipped the boat. While the motivations may be reasonable, the catalyst didn't fall into step. A trend can develop under its own momentum regardless of the spark that put it into motion; but a dubious driver becomes a liability to aggressive bears when complacency and the long-term speculative build up have checked back many similar efforts in the recent past. In the week ahead, there is an abundance of great trade setups with a single facet of appeal. The task is to find the opportunities with multi-dimensions that can generate follow through. And, there is plenty of event risk to weigh in on this evaluation. We look at the week ahead and its trades in the weekend Trading Video.

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