Video: Trading Defensively Ahead of Critical Week for US Dollar
Video summary: It will be a critical week for forex markets as the combination of the FOMC, ECB, and NFP events set the stage for big moves. We're trading defensively on the clear possibility of market volatility and turnarounds.
Our Breakout2 strategy is no longer favored on Japanese Yen pairs given that volatility prices have fallen significantly. We'll reduce leverage across the board, but we're now broadly in favor of our trend-following Momentum2 trading system.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.