News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Trading Video: Euro Steady Through ECB Updates, Emerging Markets Volatile

Trading Video: Euro Steady Through ECB Updates, Emerging Markets Volatile

John Kicklighter, Chief Strategist

Talking Points:

• ECB stress test results and stimulus updates fail to jump start the Euro

• Emerging Markets rocked by elections with sharp Brazilian Real and Russian Ruble moves lows

• Tension is building into Wednesday's FOMC decision, and markets may be underpricing the risk of volatility

See the DailyFX Analysts' forecasts for the Dollar, Euro, Pound and Gold through the 4Q on our DailyFX Trading Guides page.

Calm from the likes the EURUSD and S&P 500 belies the tension in markets. Anxiety is high as we move closer and closer to this week's top event risk - Wednesday's FOMC rate decision. In the meantime though, different fundamental sparks are making a bid for volatility. The Euro was faced two high-level events in the ECB's release of the bank stress test results and the announced tab for last week's asset purchases. Both tap into crucial fundamental concerns for the Euro, but they lack the finality of the upcoming policy meeting. Meanwhile, elections in Brazil and Ukraine generated heavy volatility for the Brazilian Real and Russian Ruble - already leaning in the direction of risk aversion and stimulus wind-down that the Fed's next moves threaten. We look at activity and tempting but troubled trade setups in today's Trading Video.

Sign up for John’s email distribution list, here.

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