Talking Points:
• Monetary policy speculation has been the primary focus over the past few weeks between USD, JPY and GBP
• Yet, with equities sliding again and Yen crosses probing support, risk appetite is attempting to wrest control
• With fewer scheduled data releases and speeches this week, conviction may arise from pure sentiment
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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. The US labor report (often just referred to as NFPs) was top event risk this week. And, the monetary policy implications for the Fed and Dollar were tangible in the latter's volatility. However, the focus on interest rates and stimulus seems to be be slackening - or perhaps a bias is emphasizing a particular view. Risk appetite is once again taking root in the break in attention. With a troubling start to the new trading week and few calendar items to 'wait for', risk trends may quickly take control of positioning.
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