Risk Appetite Trends Will be Punctuated by EU Crisis, FOMC, RBA, NFPs |
The fluctuation in investor sentiment is and will remain the top fundamental concern moving into the new trading week; but if risk trends level off, we have plenty of event risk to work off of latent volatility. For EURUSD and the dollar in general, headlines relating to the effectiveness of the EU's most recent rescue effort will be a constant concern. In the meantime, ECB and Fed rate decisions along with Friday NFPs will mark key catalysts. The top potential driver of next week however goes to the top performer of this past week: the AUDUSD's reaction to the RBA rate decision... |