Fundamental Forecast: Risk On Supports More FX Range Trading Than Trend
• The appetite for risk seems insatiable - if shrouded in doubt
• While the S&P 500 continues to run to record highs on the sentiment lean, FX trends aren't so enticed
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. Equity indexes are pressing to record highs, but skepticism seems to matching the rise step for step. The FX market doesn't seem as ready to bid into the questionable optimism, and range conditions are general the response to the sentiment bearing. This creates a situation where status quo generally holds markets to range. But, beware the major theme shifts. Though they seem low probability given complacent markets, their impact can be severe.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.