(MENAFN- DailyFX) DailyFX.com - r>
Talking Points:
• While the S&P 500 may be more mature in its bull trend USDollar is arguably more 'overbought'
• The persistance or reversal of the high-profile trends in the market falls to fundamentals
• As we ready for discrete event risk ahead (ECB NFPs etc) be wary of underlying current changes
Want to develop a more in-depth knowledge on the market and strategies Check out the DailyFX Trading Guides we have produced on a range of topics.
One of the FX market's most prominent trends - the four-month EURUSD tumble - is facing another round of significant event risk. The September NFP employment statistics for the US and the ECB's follow up on its asset purchase program vow are center points with heavy fundamental importance. For both the Dollar and Euro these updates will tout serious capacity for accelerating existing trends or potentially triggering a turn in over-extended moves. The EURUSD is just one asset in one market that is drawing traders' interest. In addition to the Dollar and Euro we have extraordinary positions for the Yen S&P 500 and risk trends amongst other. Are these moves mature or have further to go We take a broad view of the market in the weekend Trading Video.
Sign up for John’s email distribution list here.
original source
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.