Forecast: Make or Break for EURUSD May Rest with the ECB
• The ECB's rate decision is arguably the most potent, known event risk this week
• While risk trends always override fundamental themes, there is no immediate risk of drive on the docket
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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. Fundamental themes will clash this week and the result is likely to be volatility and perhaps even trend development. Yield appetite has kept the Euro bid by the market, but the ECB has voiced clear displeasure with its advance - linking exchange rate strength to negative inflation pressure and growth risk. With a rate decision on deck, this will be a key event this week. Fundamental themes and event risk threaten/promise activity for the Euro, Pound and Australian dollar in particular; and we discuss why in this week's Fundamental Outlook.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.