Fundamental Forecast: Euro Faces ECB, Aussie the RBA
Talking Points:
• Volatility was the name of the game last week, and this critical measure's trend remains top priority
• After a FOMC decision, NFPs and GDP; the US Dollar's fundamental picture cools this week
• Top catalysts this week are the ECB decision and Italy GDP for Euro, and RBA and Aussie employment for AUD
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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. Volatility levels - the barometer for the ebb and flow of investor sentiment - were the top concern this past week. And, the elemental market driver will remain at the top of the mind this week. Monitoring volatility levels and volume (participation) we are looking to separate short-lived jolts that offer limited trading potential from true trend changes which present an opportunity for systemic change in market conditions and trading approach. Meanwhile, following the runs of high profile US data this past week, the Euro and Aussie dollar face top catalysts in ECB and RBA decisions among other releases.
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