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Trading Video: Market Readies for Risk, Yen Cross, EURUSD Trends

Trading Video: Market Readies for Risk, Yen Cross, EURUSD Trends

John Kicklighter, Chief Strategist

Talking Points:

• Many of the FX and capital market benchmarks are in close proximity to major technical levels

• Risk trends will be the most immediate fundamental concern after the S&P 500's tumble this past week

• Interest rate forecasts will draw considerable market interest with US, UK and Eurozone CPI data

What kind of Trading best suits you? Technical or Fundamental? Short-term or Long-term? Take our Trader Survey and find out.

We are within arm's reach of major technical levels across the market's spectrum. EURUSD is moving fast on 1.4000, USDJPY stands just above 100 and the S&P 500 has collapsed towards 1,800. Should momentum hold out or another well-timed volatility spark ignites next week, we may quickly transition from breakout to trend development. Yet, upgrading the market's motivations is no small feat. A dominant theme needs to converge expectations to a singular view. A self-generating risk cycle can accomplish the task, but has proven difficult to engage. Otherwise, there is key inflation data on tap, but a clear time frame with which to jump start the move. We assess our current bearings and trade opportunities for next week in the weekend Trading Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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