Saxo Group Videos

Hardy: How I'm trading EURUSD in the wake of the latest Fed guidance

Did the FOMC really give the markets a clear heads up on a December rate rise? It's never truly transparent when it comes to pronouncements from central banks and it's worth noting that a Christmas time rate rise is entirely dependent on the data. It's not clear cut.

The markets seem to be taking the view that the US economy is not fully recovered and yet this latest Fed guidance has sparked more USD buying. The Fed, after all, is saying it is fully prepared to raise rates in December.

Over to Saxo Bank's Head of FX Strategy John Hardy for his experienced view and trading strategy in light of what seems to yet more confusion despite the attempt at clarity. One thing's for sure, every scrap of US data between now and December will have the potential to spark overreaction in USD pairs.

John looks at EURUSD and USDJPY in detail and outlines the levels to watch.

02:32 minutes
Tags: dollar, eur, eureur, euro, euro area, euro dollar, euro zone, eurodollar, europe, european, european central bank, european economy, eurozone, eurusd, for, forecast, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex 2014, forex 2014 outlook, forex 2015, forex 2015 outlook, forex and more, forex aud, forex audusd, forex buying, forex eurusd, forex exchange, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forex trading 2015, forextrading, forward guidance, fx, fx award, fx changes, fx crosses, fx eurgbp, fx eurjpy, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx market, fx markets, fx marketsf, fx options, fx pound, fx regulation, fx saxo bank, fx spot, fx sterling dollar, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx tradingf, fx tradinging, fx trends, fx volatility, fx volatitily, fxallocationmodel, fxfx, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, hjp, jpy, jpyusd, saxo tv, tradingfloor.com, uralkali, us, us dollar, us economy, us fed, us jobs, us jobs data, usa, usd, usd index, usdeur, usdjpy, xau, xauf, xauusdfxf

Switch to