Trading Video: EURUSD Charges Towards 1.4000 Despite Cries of Risk Aversion
• Global stock indexes dove, but the foundation of 'risk aversion' is still falling short of saturation
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Our eye naturally follows activity. Therefore, it's little surprise most traders would focus on the collapse in stocks first when gauging the market this past session. Perhaps we should look at EURUSD and the dollar first. While equities suffered a heavy convulsion this past session, the greenback wasn't on the rise for its safe haven bid. EURUSD was rising as speculative appetite lifted the euro and the dollar suffered for a fading yield forecast. How strong is the 'risk' theme when it can't override other, more passive themese? We discuss short-term volatility, long-term trends, fundamental themes and the serious potential in these markets 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.