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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Does the S&P 500's Late Tumble Change the Dollar's Fate?

Does the S&P 500's Late Tumble Change the Dollar's Fate?

John Kicklighter, Chief Strategist

With sentiment trends steady for much of this past week and 'Taper' fears fading after the Bernanke shock, the USDollar look ready to tumble...that was until the S&P 500 took a dive Friday evening. A provocative break of congestion and threat to a long-standing trend at the close of the day, week and month is a serious jolt for the markets. Theories abound about the source of this move, but the the spark is irrelevant if the fuse has been lit on deeper concerns behind the steady build in capital market's without the requisite fundamentals. So, we face a new trading week that can usher in a deep risk aversion drive or find a quick stabilization that undermines an overbought dollar. We discuss what to look for and the trade setups on both sides in the weekend video.

Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.

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.