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Breaking news

Core PCE prints at 1.6% v/s expectation of 1.4% - PMI reports are on deck

Trading Video: Euro Can Find Drive Where USD and S&P 500 Haven't

Trading Video: Euro Can Find Drive Where USD and S&P 500 Haven't

2014-05-08 00:47:00
John Kicklighter, Chief Strategist
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Talking Points:

• Tensions in Ukraine eases but the risk response in Treasuries and the S&P 500 wasn't impressive

• Janet Yellen keeps the Fed on course for a first hike in a year's time but that wasn't a USD driver

• An ECB decision ahead is more likely to succeed as a volatility and trend catalyst

Market conditions change, and our strategy should reflect those changes. We have coded DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts. See these signals on the charts in Mirror Trader.

Tensions in Ukraine eased and FOMC Chair Yellen reinforced the Fed's path to the first hike, yet neither risk nor the dollar responded clearly. Such indecision is unlikely to suppress EURUSD with the ECB decision. While this past session's top headlines would stir a media-friendly headline pool, they wouldn't materially change the expectations or positioning of investors. Having leveraged the implications of their presence and actions, the ECB decision is unlikely to a number of key and necessary breakouts. We look at market-moving event risk - successful and unsuccessful - as well as the impetus for momentum in today's Trading Video.

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