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
USD/JPY and AUD/USD Trading More Complicated without a Bernanke Spark

USD/JPY and AUD/USD Trading More Complicated without a Bernanke Spark

John Kicklighter, Chief Strategist

Fed Chairman Bernanke won points this past session by defusing what could have been a very volatile market reaction to his Congressional testimony. However, he has also made traders' lives much more difficult. With the S&P 500 carving out its smallest range in two months with sideways chop just below record highs, a breakout - bullish or bearish - looks to be an imminent risk. The same is true of the USDollar - a juxtaposed safe haven just off three-year highs. Yet, without a capable and obvious catalyst; market participants must be constantly vigilant to determine what will trigger such a move and assess whether it has follow through. We discuss the technical and fundamental bearings of the market through the next 24 hours in today's video.

New to Forex? Watch this video.

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.