Which Has More Room to Run: EURUSD or the S&P 500?
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Uploaded by DailyFXNews on Jan 20, 2012
After months of divergent trend, the benchmark equity index (S&P 500) and benchmark currency pair (EURUSD) are finally moving in the same direction. However, whether it is relief from the European crisis for the euro or stimulus-fed gains for stocks; the risk of a change in sentiment tides is a constant risk. With fundamentals on the mind, the market will absorb US and UK GDP figures, the FOMC rate decision and a Greek bond solution among other events with a concerned eye. How sturdy is this prevailing trend and what pairs look good against the different scenarios? We discuss this and more in this weekend's video.
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