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  • $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
  • $ES slingshot right back to 4400, now testing underside of tl $SPX $SPY https://t.co/C8MKSlhDYU https://t.co/afOW3tDMko
  • SEC Chair Gensler: - Crypto trading, lending, and decentralized finance platforms should be top priority for oversight - Stock tokens, stable value tokens backed by securities and all virtual products providing exposure to underlying securities fall under SEC oversight
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇦🇺AUD: 0.36% 🇯🇵JPY: 0.20% 🇨🇭CHF: 0.12% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/p4hWvfg6jr
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.53% US 500: 0.50% France 40: 0.24% Germany 30: 0.17% FTSE 100: 0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0kcXNlAb2W
  • The price of gold appears to have reversed course following the failed attempt to test the July high ($1834). Get your $XAUUSD market update from @DavidJSong here:https://t.co/oPADzNsKeJ https://t.co/5g19bJ4Mkn
  • Ominous looking level here for the S&P 500 (via $SPY). Things could get ugly if this support zone gives way. At what point will stocks start paying attention to crude oil and bonds, which have been sounding the alarm bell for weeks? $SPX #StockMarket https://t.co/FXGCwzx19D
Forex: Does a Slowing Risk, Equities and Dollar Trend Herald Reversal

Forex: Does a Slowing Risk, Equities and Dollar Trend Herald Reversal

John Kicklighter, Chief Strategist

Talking Points:

• The S&P 500 extended its run, but momentum from this and other benchmarks is flagging quickly

• We look through the various, potential catalyst for a risk drive moving forward

• Scheduled event risk once again puts the Pound and GBPUSD on the hot seat with jobs data

Download the Consecutive Bar Indicator used in today's video for free and use it to measure the historical significance and over-extended level of the markets.

While the S&P 500 - as a benchmark for risk appetite - put in for a ninth daily advance, conviction in the drive has all but vanished. Is this cooling sentiment a prelude to a general reversal? Picking tops and bottoms is more a game of craps; but the evidence between fundamentals, technicals and market conditions are building up for a meaningful reversal in risk trends...given the correct catalyst. And, in an underlying sentiment move; the impact carries far beyond US or global equities. The US dollar, Yen crosses and many other currencies stand ready to respond to the speculative tides, bullish or bearish. We take a critical look at positioning around this big theme as well as opportunities in key event risk (as with GBPUSD) in today's Trading Video.

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

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