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Trading Video: Has the EURUSD Drop Below 1.3500 Broken the FX Dam?

Trading Video: Has the EURUSD Drop Below 1.3500 Broken the FX Dam?

2014-07-23 00:39:00
John Kicklighter, Chief Currency Strategist
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Talking Points:

EURUSD breaks 1.3500 but Dollar shows limited initiative, Euro's catalysts medium-term considerations

• Te focus shifts from 'risk trends' to interest rate considerations

• Event risk looks to spur rate speculation for the Pound, Aussie and Kiwi dollars

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.

Volatility readings have eased and the impending risk of collapse of the capital markets seems to have cooled. That said, the fundamental drive hasn't simply been turned off. Speculative appetites are always lingering along the fringes of the seemingly calm financial shore; but there is something else to actively track for market moving through this week: rate expectations. This past session's US CPI didn't clarify the dollar's bearing - especially with the NFPs, 2Q US GDP and FOMC decision all due next week. Meanwhile, the upcoming session offers plenty of UK event risk to speculate on BoE hikes, Aussie inflation data and an RBNZ rate decision expected to result in yet another hike. What opportunities does all of this present? That is the topic of today's Trading Video.

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