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Strategy Video: Euro Opportunities Grow as Its Risk Rises

Strategy Video: Euro Opportunities Grow as Its Risk Rises

2014-05-02 23:35:00
John Kicklighter, Chief Currency Strategist
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Talking Points:

EURUSD is the focus for the ECB as the central bank has connected weak inflation to a high currency

• Capital has flowed into the Eurozone seeking out higher yield amid low-risk conditions

• There is risk in the ECB's threat, fragile financial conditions and a reliance on 'risk appetite'

Do you want to trade the Euro individually or its own fundamental themese and trends? Use the Mirror Trader Currency Baskets to place a trade.

Are the markets so robust that they can maintain this level of complacency and extremely low volatility? Not for long. Risk-sensitive benchmarks like the S&P 500 and Yen crosses have pushed themselves even further into technical patterns that risk heavy repositioning on a breakout. Meanwhile, even core pairs have been pushed to extremes outside of the traditional 'risk' theme. EURUSD has accumulated heavy capital inflow and now faces the ECB's ire, while the GBPUSD has positioned itself for an exceptional interest rate forecast. On a substantial surprise, the NFPs figure can answer both imbalances: parched sentiment trends and a rebalanced US rate forecast. We look at trading over the next 24 hours and beyond in today's Trading Video.

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