Filed Under:
Forex pairs in this Article » USDOLLAR, EUR/USD, GBP/USD, AUD/USD, EUR/JPY, NZD/USD
Talking Points:

• The markets have absorbed the US government shutdown and neither risk nor the USD have collapsed

• Technical patterns on EURUSD, GBPUSD, Yen crosses and other risk pairs require support

• EURUSD may be the most at-risk pair of a breakout between tight trading and a broad wave of event risk

Sign up for John’s email distribution list, here.

The FX and capital markets have so far weathered news of the US government shutdown without a dramatic shift in risk positioning or the USDollar. That leaves us in a precarious position as there are many assets and pairs one foot into meaningful moves or pressing hearty technical drives. On one hand, we have the likes of GBPUSD which cleared a multi-year wedge ceiling only to stall at its most productive momentum. Alternatively, the yen crosses are still threatening a heavy turn but lack a deleveraging catalyst. In today's video, we discuss these oportunities in the context of probability, and we further focus in on the Euro with key event risk in the ECB rate decision and Italy's confidence vote.

Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.

original source
comments powered by Disqus