Video: Scheduled Event Risk Causes Bursts of Volatility but Bigger Drivers Lurk
• The majors look dangerous as they consolidate ahead of Friday's NFPs
• Will the BoC register more volatility from the Canadian Dollar than the RBA did for the RBA? Want to test out all the premium tools and resources FXCM has to offer?
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Scheduled event risk continues to generate short-term volatility in different corners of the FX market. This past session, the RBA rate decision stoked the Aussie dollar's fires (though it wasn't capable of forcing a breakout) and the listings going forward only intensify. Today, we have PMIs, a BoC rate decision, Fed speakers, and the precursor to Friday's NFPs. There are likely opportunities in this mix, but the true potential rests with heavier themes a little further out. The ECB's rate decision Thursday and the key US labor report Friday are clear milestones for key market concerns. Meanwhile, a less certain but arguably more loaded threat looms with a possible shift in risk trends and US equities. We look at the known movers and the lurking threats 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.