Strategy Video: Dollar, Pound and S&P 500 Probability vs Impact through Event Risk
• There is a slew of event risk coming out this week including today's Yellen testimony and UK CPI
• Through positioning, the outcomes for these events can provide a very different impact
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In a dense round of event risk through the immediate future, there are scenarios where the headlines can prove exceptionally market moving...or barely tipping the needle. Expectations build up behind certain themes and markets to minimize the impact of likely outcomes and amplify the reaction to the less likely. In today's Strategy Video, we revisit this scenario analysis between 'potential' and 'probability' for Fed Chairwoman Janet Yellen's testimony, UK CPI and the general lean of a busy docket against the Dollar, Pound and S&P 500.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.