Keep an Eye on USDJPY, S&P 500 and Volatility Through the This Week's Fireworks
• Despite important event risk for the US, UK and Eurozone today; markets will be distracted
• The Fed decision on Wednesday and Thursday's Scottish Referendum and ECB T-LTRO are volatility milestones
• As many narrow their focus to the individual events, it's critical to remember deeper currents - like risk
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The majors were little moved and the past weeks' surge in volume eased this past session as investors anxiously turned their attention to immense event risk ahead. The upcoming session will test traders' focus. With noteworthy event risk scheduled from the US (TICS flows), UK (inflation data) and the Eurozone (investor sentiment); there is seems enough spark to set off an already volatility-prone market. Yet, each of these regions and currencies faces a bigger test a little later in the week. In today's Trading Video, we take a look at the majors while discussing why the USDJPY, S&P 500 and volatility readings are important sign posts when the newswires and markets start to explode.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.