Trading Video: Have Rate Forecast and Risk Tides Changed GBPUSD, NZDUSD Trends?
• The strong risk run that opened the week has grown winded - but equities have yet to truly reverse
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The bullish charge for equities stalled this past session while the dollar put in for an impressive rally versus the Euro, Pound and Kiwi. Have we seen a change in the fundamental winds? Is the S&P 500 and its international counterparts set to reverse? Have rate expectations changed in favor of the Fed and greenback? While both themes are possible, we are still far from confirming such high-level transitions - much less momentum in the nascent moves. What does that mean for the high profile reversal opportunities (like S&P 500 and Yen crosses) or tentative technical breaks (like GBPUSD and NZDUSD)? We discuss that 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.