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
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Bitcoin cooling off after an impressive run to end the month of July $BTCUSD #Bitcoin https://t.co/7y7H5rldxM
  • Narrator: Not today. Nice rebound staged off that critical support level with oil and yields firming up a bit on the session. Will bulls push onward to print a higher high? $SPY #Trading #Markets https://t.co/jn1yKFNCLG
  • NY Fed accepts $909.44 billion in reverse repo operations $USD $DXY
  • RT @IG_US: Watch @GuyAdami & @RiskReversal discuss - Earnings Recap - Rates In Reverse - Economic Slowdown? - Plus strategist @CVecchioFX…
  • Bitcoin and Ethereum are both recovering from the early-summer slumps that enveloped the crypto market. Get your market update from $btc market update from @JStanleyFX here:https://t.co/kgPJfJKptS https://t.co/hII11U0POd
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.90%, while traders in France 40 are at opposite extremes with 82.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Y0B0I5qE0y
  • $USD still sticking to the range. I'd be surprised if this holds until #NFP on Friday. But at the least there's some definition to work off of $DXY https://t.co/kHZnEFP1AX https://t.co/jkE2gugZpL
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.43% Gold: -0.18% Oil - US Crude: -0.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zbfas5ZeLn
  • SEC Chair Gensler: - SEC will take powers "as far as they go" when regulating crypto - I am looking forward to reviewing filings for Bitcoin ETFs
  • SEC Chair Gensler: - We don't have enough investor protection in crypto - Crypto trading platforms require compliance with securities law
Forex: Will the Dollar or S&P 500 Break Nearby, Critical Support?

Forex: Will the Dollar or S&P 500 Break Nearby, Critical Support?

John Kicklighter, Chief Strategist

Talking Points:

• A day of moderation followed Monday's extreme risk aversion leaving us to wonder if bear are in control

• After side-by-side corrections, both S&P 500 and USDollar face serious support - 1,735 and 10,665

• Risk trends is a critical theme for many trade opportunities, but a few - like the GBP - can stray

Sign up for DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

The dramatic plunge for equities, yen crosses and the Emerging Market through the open of the week cooled this past session. The stability we are left with is dubious and will likely be short-lived. Yet, that doesn't mean another dramatic crash through another risk-based technical floor is an inevitable outcome. Correlations along sentiment lines are still strong, and there are many perma-bulls that only need a brief period of consolidation to encourage confidence to jump in on a 'pullback' in a larger risk trend. Yet, the bulls are proving more circumspect than they have been in the past. Fear of rising volatility (risk) is accompanying a general stimulus withdrawal and yield forecasts (return) are not keeping pace. Are we still on pace for a deeper bear wave? We discuss this and more in today's Trading 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.

DISCLOSURES