Trading Video: EURUSD, USDJPY and NZDUSD Top FX Movers
Talking Points:
• Volatility is outpacing actual risk aversion efforts in the global financial markets
• The USDollar maintains most robust FX trend but the Kiwi Dollar has become the most active major
• We face key event risk ahead for the Euro and monitor ever-important investor sentiment trends
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We've opened the week to a recharge in volatility, stand out moves from majors and the looming risk/hope of systemic trends. Risk aversion has caught traders attention from the start as protests in Hong Kong present another geopolitical uncertainty for international investors to navigate. However, like Ukraine and the Middle East before it; the reach for the deleveraging effort has yet to hit the systemic tenor that draws the whole market with it. Meanwhile, other fundamental themes are spurring trend and volatility. Sentiment for the Dollar is finding mixed signals, the New Zealand Dollar has taken another spill as the RBNZ announces intervention and the Euro heads into key event risk. We discuss all of these big topic drivers in today's Trading Video.
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