Forex Strategy Video: EURUSD, USDJPY, AUDUSD - Wading Through Event Risk
• There is an abundance of fundamental event risk on tap, and it can be difficult to prioritize
• When two critical themes align, it can leverage volatility and trend
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There is a lot of scheduled and unscheduled event risk this week - perhaps too much. How do we sort out which theme will override all others to determine direction for the market? When in doubt, follow the money. The more fundamental a theme is to directing the greatest amount of capital and investor sentiment, the more 'important' it is to determining price action. In today's Forex Strategy Video, we discuss a range of important themes - the possible US Government shutdown, the threat to Italy's coalition government, Japan's tax hike decision and the RBA rate decision - and how we can determine how to incorporate it into our trading plan.
Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.