Video: Major Event Risk Can Move and Restrain EURUSD, USDJPY, GBPUSD
• There are attractive technical setups across the majors, but fundamentals present a potential hitch
• Major event risk can generate volatility and feed major trend, but their lead up can also curb markets
• A FOMC rate decision, US 3Q GDP, ECB stress test results and many other events are on tap next week
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Normally, we look at event risk like a Fed rate decision and ECB stress test results as the fuel for trade setups. Yet, the influence of such high level events and data can dampen markets as readily as they motivate them. Looking ahead to next week's docket, there is a range of high profile risk - any one capable of changing the trend on their respective currency and a few even capable of turning the tide on global sentiment. We discuss how headline events can disrupt active and potential trade setups like those seen from S&P 500, EURUSD, USDJPY and others in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.