Tentative EUR/USD and Equities Reversals Hinge on Friday NFPs
The nascent rally behind the Dollar and burgeoning dive in US equities have steadied in reverence of the upcoming US employment report. With the market uncertain of its convictions towards speculative positioning and the future of monetary policy, the high-profile NFPs release is a decisive opportunity to put fundamental purchase to speculative navigation. The trouble is that the market has distinctive expectations that will skew the impact of the data. Deep skepticism of Fed hikes in the market and complacent but wavering speculative positioning make for particular leverage for certain scenarios. Meanwhile, the promising surges in activity behind the Canadian and Australian Dollars have quickly been reigned in while volatility measures offer a sense of unease. Will we find a big move before the week ends or should caution govern our actions? We take the market’s temperature in today’s Trading Video.
By: This Forex AnalysisÂ is publishedÂ by DailyForex.com, WrittenÂ By John Kicklighter