Forex: Pound Faces Volatility, Dollar Attempts to Muscle Bull Trend
• Risk trends were disrupted by the US holiday, leading speculators to weigh the fundamentals
• Ahead, the UK inflation data represents the top fundamental catalyst for sterling pairs
Download the Consecutive Bar Indicator used in today's video for free and use it to measure the historical significance and over-extended level of the markets.
The market's most persistent trends - the S&P 500 climb and USDollar tumble - have stalled through a holiday-disrupted opening trading session this week. Whether this hesitance develops into a true and aggressive trend depends on what happens over the next 24 hours. As consistent as these benchmark drives have been, their conviction has remained a point of debate. A rebalancing of fundamentals, technicals and market conditions may very well create problems for those riding the trends. Meanwhile, event risk is picking up to threaten particular currencies. At the top of the threat list over the next 24 hours: the British pound, Japanese yen and US dollar. We talk about these markets and their trade potential in today's Trading Video.
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