Daily Video - 10.28.11

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A New Trend Long-Term for EURUSD, AUDUSD and the S&P 500? European officials finally reached an agreement with banks on the Greek writedowns; and with that key point of progress, both the Euro and risk trends took off Thursday. While the S&P 500 had already made its bullish break at the beginning of the week; the relief that one of the greatest financial threats to global markets had been pushed back rallied bulls and finally drove EURUSD to its own key breakout above 1.4000. The technical move and momentum is impressive; but exuberance is starting to cloud the fundamental outlook. Does a forestalled crisis translate directly into a rebound in growth and yields? Does it even mean that there will be no financial crisis in the future?   Watch the Video Here Best regards, DailyFX Research Team research@dailyfx.com DailyFX Home | research@dailyfx.com | Contact US ©2009 DailyFX. All Rights Reserved. Forex Capital Markets, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. Forex Capital Markets, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Forex Capital Markets, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.

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