Daily Video - 11.04.11

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Euro Holds, Stocks Rally on Cancelled Greek Vote and ECB Cut, Now NFPs The Euro's fundamental health made an immediate about face in the span of a single day. The Greek referendum that threatened a tangible timeline for the first withdrawal from the Euro Zone was surprisingly retracted by Greek Prime Minister Papandreou. This change of heart doesn't offer complete relief for the shared currency and financial markets; but it does ease the immediate risk of panic. Now we move on to absorb the headline-friendly NFPs; but expectations for volatility (much less trend generation) are greater diminished. As such, we adjust our trading approach to the short-term and fundamentally murky conditions before us with setups that include GBPUSD, EURUSD and USDJPY....   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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