Forex Forecast: Fed Speculation Could Trouble Dollar, Equities Moves
• This is the week before the market's most prominent event risk - the Fed rate decision
• Knowledge of such a prolific uncertainty can curb new risk trends - whether 'risk on' or 'risk off'
• However, the dollar's built up Taper premium may direct it to a larger move than just a risk drive
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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. These sessions are held live every Monday at 16:30 GMT. USDollar has opened up this week with the possible break of a major trendline while US equities surge higher. This volatility paired with appealing technicals draws traders in, but market conditions may create problems.
Find out what event risk can threaten near-term volatility in the currency pairs you are trading with the DailyFX Economic Calendar.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.