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Strategy Video: What is Priced In for the Dollar, Euro, Pound, Yen

Strategy Video: What is Priced In for the Dollar, Euro, Pound, Yen

2014-05-20 19:04:00
John Kicklighter, Chief Currency Strategist
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Talking Points:

• As central as a fundamental indicator or theme is to a currency, market impact is decided by expectation

• When the masses find their expectations and positioning are off track, change leads to price movement

EURUSD is a perfect example with a plunge following an ECB stimulus time frame and then stall

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What renders an important piece of event risk like NFPs or theme like ECB stimulus a market mover or non-event? Expectations. As with any forward looking market, traders in the FX market position in an effort to 'price in' future scenarios for risk, interest rates, growth and other critical themes in valuation. If the path is clear, the pricing is uniform and clear. When it is vague, there is greater impact with volatility and trend development. We look at how the market 'prices in' important fundamental aspects along with the leading themes for the US Dollar, Euro, British Pound, Japanese Yen and Australian Dollar in today's Strategy Video.

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