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Central Banks Losing Influence Drives Dollar, Euro and Yen

Central Banks Losing Influence Drives Dollar, Euro and Yen

John Kicklighter, Chief Strategist

Talking Points:

  • USD has tumbled this past week as a passive view of the Fed has opened the currency to stronger counterparts
  • The Japanese Yen's surge this past week was the largest since the height of the Great Financial Crisis
  • Top event risk this week is NFPs, Fedspeak and the RBA rate decision

Having trouble trading in the FX markets? This may be why.

Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. In stark contrast to this past week's dense economic docket, the path ahead is rather light for fundamental sparks. That leaves exceptionally strong FX moves open to drift and dangerous degrees of speculation. In the past week, the Dollar has plunged, USDJPY posted its biggest tumble in weeks and EURUSD has been driven above 1.15. These seem to contradict the prevailing expectations and traditional interpretation as monetary policy as a clear fundamental driver. The influence of extreme easing and emerging tightening policies has seen a progressive loss of influence, and out of this considerable confusion has arisen. We discuss in this recording these important big picture themes along with the scheduled event risk scheduled in the week ahead to better prepare traders for the fundamental side of the market.

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