SaxoTV

#SaxoStrats - Selling EURUSD ahead of key event risks

1,108 views
November 25, 2015 ecb, ecb action, ecb draghi, ecb euro, ecb inflation target, ecb meeting, ecb news, ecb policy, ecb qe, ecb rate, ecb rate cut, ecb rate decision, ecb rates, ecb rates decision, economic, economic growth, economics, economy, euro, eurodollar, european central bank, eurusd, eurusd trade idea, fed, fed meeting, federal, federal policy meeting, federal reserve, federal reserve rate hikes, federalreserve, fomc, fomc meeting, fomc minutes, fomc preview, fomc statement, fomcmeeting, fomcstatement, foreign exchange, forex, forex idea, forex market, forex markets, forex trading, fx, fx forex, fx market, fx markets, fx options, fx strategy, fx trade, fx trading, janet yellen, saxo bank, saxo tv, saxostrats, saxotv, trading, tradingfloor, tradingfloor.com
In this #SaxoStrat, John Hardy explains why his move to sell eurodollar has already had traction this Wednesday as a descending channel moves in. 

He says the trade is in response to forthcoming event risks heading into December. The possible policy divergence between the US Federal Reserve and the European Central Bank are key, he says, with the Fed's Janet Yellen speaking next Wednesday and the ECB meeting on Thursday. There's also the US job's report out on Friday.

John explains his position and why there is room to move towards the 1.05 area in EURUSD.