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Video: EURUSD Anxiety Increases Ahead of Eurozone’s Greek Discussion

Video: EURUSD Anxiety Increases Ahead of Eurozone’s Greek Discussion

John Kicklighter, Chief Strategist

Talking Points:

Euro pairs are the most 'at-risk' amongst the majors heading into a tense discussion on Greece

• Without a firm date or clear good/bad outcomes, pairs like EURUSD are facing volatility and vagary

• For tangible scenarios, Pound pairs ahead of the BoE Quarterly or AUDUSD may offer more steadfast options

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Those trading the Euro or Euro-area assets are battening down the hatches. Heading into Wednesday's session, the region's Finance Ministers are preparing for a special meeting on Greece. Rhetoric on both sides has remains rigid, yet the financial system isn't showing much fear beyond Greek default swaps - and even those are showing a premium far lower than what it was back in 2012. Are the markets too complacent in their fears for Greece and the Eurozone? That may not even be resolved with this event risk. Meanwhile, there are varying degrees of risk for the Pound, Yen, Aussie and US Dollar moving forward. Adjusted for uncertainty ahead, setups on GBPUSD may be best saved for Thursday, AUDUSD is looking for jobs data sparks and USDJPY should leave us with a sense of caution. We discuss these pairs and other pairs along with the market moving event risk ahead 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.

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