News Column

Trading Video: Euro Can Find Drive Where USD and S&P 500 Haven’t

May 7, 2014

John Kicklighter





Talking Points:



** Tensions in Ukraine eases but the risk response in Treasuries and the S&P 500 wasn't impressive

** Janet Yellen keeps the Fed on course for a first hike in a year's time but that wasn't a USD driver

** An ECB decision ahead is more likely to succeed as a volatility and trend catalyst





Tensions in Ukraine eased and FOMC Chair Yellen reinforced the Fed's path to the first hike, yet neither risk nor the dollar responded clearly. Such indecision is unlikely to suppress EURUSD with the ECB decision. While this past session's top headlines would stir a media-friendly headline pool, they wouldn't materially change the expectations or positioning of investors. Having leveraged the implications of their presence and actions, the ECB decision is unlikely to a number of key and necessary breakouts. We look at market-moving event risk - successful and unsuccessful - as well as the impetus for momentum in today's Trading Video.






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Source: DailyFx


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