Video: Will NFPs Do to Dollar Volatility What BoE Did for Pound?

Talking Points:

• Pound drops after the Bank of England lowered its growth forecast while simultaneously stating greater rate sensitivity
• While political risk circulates through the market, top billed event risk ahead is the July NFPs release
• With EUR/USD sporting the most one-sided, anti-Dollar position in 5 years; there is a skew in potential event impact

Both the EUR/USD and S&P 500 have cleared significant resistance recently. What has this remarkable progress meant in terms of speculators' trading? See the IG positioning data on the DailyFX Sentiment page.  (

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