Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

DailyFX Home / Video / Daily News Report

Forex: Weighing Reversals for S&P 500, USDollar, GBPUSD

By , Chief Currency Strategist
14 February 2014 23:30 GMT

Talking Points:

S&P 500 has rallied back to record highs, US Dollar dropped 10 days and GBPUSD positioning is a record

• This past week was one of trends while next week will focus on how long these moves can persist

• Against price, we have technical levels, diverging fundamentals and extremes in positioning 3:20 PM

Sign up for DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

This past week was one of trends. The S&P 500's sharp rebound towards record highs and the USDollar's 10-day straight collapse speak to 'risk appetite'. And yet, the fundamental drive and participation levels behind these moves generate more doubt than conviction. Are these thematic benchmarks due to reverse or has this been a point of acceleration for renewed trend? What does that mean for pairs like GBPUSD and NZDUSD which see record speculative positioning calling for reversals? We discuss the key moves, fundamental themes, catalysts and trade opportunities for next week in the weekend Trading Video.

Sign up for John’s email distribution list, here.

14 February 2014 23:30 GMT