Talking Points:
• Greece is on the top of all - not just Euro - traders' minds, and anticipation will disrupt trend
• The Dollar is similarly focused on upcoming conditions between next week's NFPs and holiday conditions
• Crosses further away from such prominent fundamental risks still offer better technical opportunity
Find out what scheduled event risk can threaten your trades or trigger volatility with the DailyFX Economic Calendar.
Markets will soon face a reckoning after this extended period of quiet complacency. On the risk front, officials are running out of time and liquidity to find an acceptable compromise over Greece's strained financial health. After Thursday's failed talks, all parties will reconvene on Saturday and try to push through a solution before a IMF payment and the official expiration of the country's rescue program on Tuesday. For a monetary policy focus - the most productive fundamental theme over the past year - US rate expectations will be charged by June NFPs, but the lead in will be particularly interesting between anticipation and expected holiday trading conditions. Meanwhile, it is worthwhile looking outside of the Euro, Dollar and Yen (the most risk-sensitive) for less restrained opportunities. We look at the potential building up and playing out in today's Trading Video.
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