Forex Forecast: Ukraine Triggers Another Emerging Market Scare, NFPs and ECB Ahead
Talking Points:
• We have another emerging market-led global risk scare developing around Ukraine
• Conditions are ripe for a market-wide 'risk aversion' move, but will this be 'the' spark?
• Top event risk this week includes February NFPs along with the ECB, RBA and BoE rate decisions
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Top event risk this week includes February NFPs along with the ECB, RBA and BoE rate decisions Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. These sessions are held live every Monday at 16:30 GMT. Tail risk in the developed world seems anchored, but the emerging markets once again prove they are more than capable of stoking global crisis fears. Tension in the Ukraine has intensified over the weekend and drawn superpowers - the EU, US and Russia - into a standoff. Will this be the catalyst - whether it lasts or not - that tips the scales on unfavorable trading conditions and sets off 'risk aversion'? Meanwhile, the docket is filled with noteworthy event risk including February US payrolls and a range of central bank rate decisions (ECB, BoE, RBA and BoC).
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