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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
More View more
Real Time News
  • UK's Hancock says final decisions have not been taken in response to surge in COVID cases $GBP
  • #SP500 futures tumbling through Bear Flag support at the 3300 mark. Implied measured move suggests a push to 3000 could be on the cards if price breaks below the June high (3231.25) $ES $SPX
  • For those who like taking a look through memory lane, stocks (SPX) are heading to its historically worst patch in the year (Historical average based on 1990-2019 performance)
  • US futures tumble and European equities trade sharply lower: - S&P 500 (-0.34%) - Nasdaq 100 (-1.6%) - Dow Jones (-2.08%) - DAX (-2.86%)
  • $USDJPY plunging to its lowest levels since March as support at the July low (104.18) gives way. Daily close below the 104 level could bring the March 12 swing-low (103.08) into focus Is $USDJPY headed to parity?
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here:
  • RT @MrMBrown: $GBP looks to be in for a rough ride this week - mounting speculation of tighter covid restrictions; Brexit trade talks remai…
  • 🇪🇸 Balance of Trade (JUL) Actual: €-0.31B Previous: €1.48B
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.14%, while traders in NZD/USD are at opposite extremes with 72.33%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇪🇸 Balance of Trade (JUL) due at 08:00 GMT (15min) Previous: €1.48B
Forex: Dollar Looks to Yellen to Feed Rally, S&P 500 Ready to Breakout

Forex: Dollar Looks to Yellen to Feed Rally, S&P 500 Ready to Breakout

2014-02-22 02:13:00
John Kicklighter, Chief Strategist

Talking Points:

• Two financial benchmarks - the USDollar and S&P 500 - can give us a view of the entire market

• The intensity of risk has eased, but Emerging Markets and stimulus forecasts can revive the fear

• Be ready for active monetary policy speculation for the US, Europe, Japan and the UK

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.

A hold just below record resistance for the S&P 500 and restrained, 5-day USDollar rally is not a good place to pick up trading next week. Both may suggest 'quiet' on the surface, but the potential for serious breakouts and even meaningful trend developments is palpable. Looking ahead to next week, the docket presents many high-level event risk, but few on the scale that can single-handedly define the market's bearings. That should put traders on edge rather offer relief as the catalysts for a definitive move or large volatility event will be more difficult to spot. Two themes that remain central to our progress though retain their prominence: risk trends and monetary policy. We look at the fundamental potential and trade opportunity amongst the majors for next week in the weekend 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.