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
Real Time News
  • 🇫🇷 Business Confidence (SEP) Actual: 106 Expected: 109 Previous: 110 https://www.dailyfx.com/economic-calendar#2021-09-23
  • Heads Up:🇪🇸 GDP Growth Rate QoQ Final (Q2) due at 07:00 GMT (15min) Expected: 2.8% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2021-09-23
  • Heads Up:🇪🇸 GDP Growth Rate YoY Final (Q2) due at 07:00 GMT (15min) Expected: 19.8% Previous: -4.2% https://www.dailyfx.com/economic-calendar#2021-09-23
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/JzYaIqZgAE
  • Heads Up:🇫🇷 Business Confidence (SEP) due at 06:45 GMT (15min) Expected: 109 Previous: 110 https://www.dailyfx.com/economic-calendar#2021-09-23
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/Lxp7fJaM8Q
  • (ASEAN Tech) US Dollar Climbs Post FOMC. USD/SGD, USD/THB, USD/PHP, USD/IDR in Focus #USD $USDSGD $USDTHB $USDPHP $USDIDR #ASEAN https://www.dailyfx.com/forex/technical/article/special_report/2021/09/23/US-Dollar-Climbs-Post-FOMC-USDSGD-USDTHB-USDPHP-USDIDR-in-Focus.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/xcp3hdGaXe
  • 🇳🇱 GDP Growth Rate QoQ Final (Q2) Actual: 3.8% Expected: 3.1% Previous: -0.8% https://www.dailyfx.com/economic-calendar#2021-09-23
  • 🇳🇱 GDP Growth Rate YoY Final (Q2) Actual: 10.4% Expected: 9.7% Previous: -2.4% https://www.dailyfx.com/economic-calendar#2021-09-23
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/9xP8YlxWSv
Forex: Post-FOMC Dollar and S&P 500 Runs Cool Quickly, Risk Reversal

Forex: Post-FOMC Dollar and S&P 500 Runs Cool Quickly, Risk Reversal

John Kicklighter, Chief Strategist

Talking Points:

• The 'surprise' element of No Taper seems to have passed quickly

• Risk positioning is still acutely sensitive to the premium vs yield imbalance

• A move to deleverage is still a tremendous risk - and not even more an afront to monetary policy

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

Rather than find a hearty US equity and 'risk on' rally in the markets the day after the Fed shocked the majority of traders by holding off the Taper, we have found hesitation. The S&P 500 put in for a mild correction while the USDollar posted a sizable rebound in a price development historically associated to reversals. While there is still Taper premium that can be worked off for the market, playing down a moderation in stimulus is also a vote on risk trends. With the knowledge that support will inevitably be moderated and backdrop investment conditions have not materially improved; we may be seeing the true salt of sentiment trends. In today's video, we discuss how reversals are a material threat - though we should keep the powder dry until that fear erupts.

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

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

DISCLOSURES