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Dollar and S&P 500 at Risk Of Trend Building Reversals

Dollar and S&P 500 at Risk Of Trend Building Reversals

John Kicklighter, Chief Strategist

Global equities have put in for a retreat this week, and the US dollar has followed along. Yet, both cannot go down this path without sparking a deeper and explosive fundamental theme: risk aversion. Should we escalate a pullback in high yield and risky assets; EURUSD, GBPUSD, USDJPY and the yen crosses are well positioned to take advantage both fundamentally and technically. Alternatively, if sentiment and leveraged positioning holds out; the recent, exceptional USDollar drop can upgrade to a meaningful trend that highlights exceptional opportunities for AUDUSD and USDJPY. We discuss the trade opportunities in this treacherous equilibrium as well along with setups outside that standard theme in today's video.

Find out what event risk can threaten the trade setups talked about in today's video with the DailyFX Economic Calendar.

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