Trading Video: GBPUSD and EURUSD Traders Ready for BoE Report, Greek GDP

By DailyFx | August 12, 2014 AAA

DailyFX.com -

Talking Points:

• Risk measures - equity indexes, yen crosses, volatility, etc - moderated heading into heavy event risk

• The British Pound is looking at the most pointed round of event risk lead by the BoE's Inflation Report

• Starting a growth update that will carry through to Thursday, Greek 2Q GDP is set to roust the Euro

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

Rebounds for both global equities and the US Dollar stalled this past session in reverence for heavier event risk dead ahead. Yet, among the high-profile scheduled listings, is there enough fundamental authority to tap deeper market currents: namely global appetite for yield or the broader rate forecast? The disparity in various 'risk' measures and the stubborn elevation of volatility readings reflects a market more sensitive to changes in the financial system's temperament. Even if we fall short of altering the tides on global sentiment, event risk like the BoE Quarterly Inflation Report, Greek 2Q GDP and Chinese retail sales can generate trend changes for particular currencies and markets. We sort through the upcoming risk in today's Trading Video.

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

comments powered by Disqus
Related Forex Analysis
  1. GBP/USD claws to 1.6100 ahead of Europe
    Forex News

    GBP/USD claws to 1.6100 ahead of Europe

  2. EUR/USD glued to 1.2755; triggers are wanted
    Forex News

    EUR/USD glued to 1.2755; triggers are wanted

  3. Asia recap: most majors are still sleeping in a ranges; JPY is weakening
    Forex News

    Asia recap: most majors are still sleeping in a ranges; JPY is weakening

  4. Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure
    Forex News

    Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure

  5. US Dollar Technical Analysis: Stalling at Channel Support
    Forex News

    US Dollar Technical Analysis: Stalling at Channel Support

Trading Center