Forex: Dollar and S&P 500 in a Breakout Position Once Again
• Monetary policy considerations once again outweight general 'risk' concerns for the near-term future
Market conditions change, and our strategy should reflect those changes. We have coded the DailyFX-Plus strategies for Breakout, Range and Momentum to adapt to these market shifts.
Even when liquidity and volatility are thin, the markets seem to be pushed into risky positions. Corrective moves for the USDollar and S&P 500 put both benchmarks in position for short-term breakouts. Bullish continuation (above 10,760 and 1,850 respectively) is the more probable outcome, but what would continuation look like on such moves? We look at the market's return to liquidity wiht an eye to risk trends, monetary policy forecasts and guaging key data milestones in today's Forex Trading Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.