GBPUSD, EURUSD and AUDUSD Reversal Potential High on Risk Trends, Data

GBPUSD, EURUSD and AUDUSD Reversal Potential High on Risk Trends, Data


Trends and volatility have eased up before a heavy round of fundamental event risk. The persistance of the risk-positive 'melt up' for sensitive assets (S&P 500 and AUDUSD among them) as well as the nascent rebound in European currencies (Euro, pound and franc) are all at risk from the cummulative threat of data risk. Top event risk on the docket: the FOMC rate decision, UK 4Q GDP, the BoE minutes and RBNZ rate decision. And, in turn, we lay out trade scenarios for EURUSD, GPBUSD, EURAUD, AUDUSD and NZDUSD amongst others.
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