Video Summary: Fed Chair Janet Yellen delivered prepared commentary that led a Dollar bounce. But does it mean a sustained move higher? Here’s what we’re watching.
– Dollar clings onto pivotal support versus Euro, Yen following Fed Chair commentary
– Forex markets remain quiet, but is low EURUSD volatility a good thing?
– Keep a close eye on financial markets as Emerging Market troubles haven’t disappeared
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Forex Correlations SummaryView forex correlations to the SP 500, SP Volatility Index (VIX), Crude Oil Futures prices, US 2-Year Treasury Yields, and Spot Gold prices.
Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART
— Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
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