News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Euro, Yen and S&P 500 Present a Dangerous Calm

Euro, Yen and S&P 500 Present a Dangerous Calm

John Kicklighter, Chief Strategist

EURUSD has worked its way deeper into congestion just off four-month lows. This restraint is particularly remarkable given the heavy news flow surrounding Cyprus and the financial threat the country presents to the entire Euro-area. This tense and curious calm for the Euro is similar to what the broader market have faced. With speculators lacking direction on the Fed stimulus expectations, the dollar-based majors are left adrift. The yen crosses have lost a serious stabilizing factor for keeping the yen under pressure after BoJ Governor Kuroda backed off of immediately escalating stimulus efforts. And, all of this leaves the broader currency once again at the mercy of risk trends with the S&P 500 making an uneasy effort of avoiding an overdue correction. We discuss what all of this means for trading going forward in today's video.

Bring the economic calendar to your charts with the DailyFX News App.

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES