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EURUSD Run Faces NFPs, ECB QE and Changing Volatility Backdrop

EURUSD Run Faces NFPs, ECB QE and Changing Volatility Backdrop

John Kicklighter, Chief Strategist

Talking Points:

• While the S&P 500 may be more mature in its bull trend, USDollar is arguably more 'overbought'

• The persistance or reversal of the high-profile trends in the market falls to fundamentals

• As we ready for discrete event risk ahead (ECB, NFPs, etc) be wary of underlying current changes

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

One of the FX market's most prominent trends - the four-month EURUSD tumble - is facing another round of significant event risk. The September NFP employment statistics for the US and the ECB's follow up on its asset purchase program vow are center points with heavy fundamental importance. For both the Dollar and Euro, these updates will tout serious capacity for accelerating existing trends or potentially triggering a turn in over-extended moves. The EURUSD is just one asset in one market that is drawing traders' interest. In addition to the Dollar and Euro, we have extraordinary positions for the Yen, S&P 500 and risk trends amongst other. Are these moves mature or have further to go? We take a broad view of the market in the weekend Trading Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.