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Incredible Trade Potential in EURUSD and S&P 500 Divergence
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Incredible Trade Potential in EURUSD and S&P 500 Divergence
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Incredible Trade Potential in EURUSD and S&P 500 Divergence
The S&P 500 finally made the push to break the upper boundary of its two-month range. Alone, this move would suggest risk appetite will is driving higher; and a number of FX trade setups should now be in play. Yet, despite the benchmark equity index's advance; EURUSD, AUDUSD, USDJPY and other sensitive pairs have avoided the sentiment shift. Is this hesitation a sign that a jump in optimism was founded on improbable speculation of further Fed stimulus and a clean resolution to the Euro-area financial crisis; or is it a delay that the market will reconcile on Monday? Be prepared. Either scenario offers tremendous trade opportunity; and this activity level could finally stir something larger from recently congestive markets.
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Category
News and Politics -
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Release Date
Oct 21, 2011
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Runtime
21:37