Trading Video: Volatility Slide Saves EURUSD from Breakout...For Now
• Volatility readings are retreating rapidly, dimming the hope for a revival market activity
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The Eurozone's recovery is sputtering, but EURUSD traders didn't seem to concerned. A prominent range for this benchmark pair stands despite the implications that an economic stall carry for the rapid speculative buildup for the region. This is less likely a fundamental-blindness of the Euro's bearish scenarios and more likely a side effect of the general state of volatility. The slow trend seeing a rebound in activity/fear levels has been put at risk with a rapid retreat in volatility readings for equities, commodities, yields and FX. Yet, the lowest level of non-holiday trading volume in a decade from the S&P 500 reminds us how quickly conditions can change again. We look at the majors and their fundamental guides 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.