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.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
Gold
Mixed
Oil - US Crude
Mixed
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
Bitcoin
Bearish
More View more
Notice

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • Tune in to @nickcawley1 's #webinar at 6:30 AM ET/10:30 AM GMT to prepare for key UK events and markets in the week ahead. Register here: https://t.co/xewSeUoDaT https://t.co/BMz7EABBcG
  • GBP/JPY IG Client Sentiment: Our data shows traders are now net-short GBP/JPY for the first time since May 05, 2019 when GBP/JPY traded near 145.89. A contrarian view of crowd sentiment points to GBP/JPY strength. https://www.dailyfx.com/sentiment https://t.co/HnSq6rECvS
  • Saudi Arabia's Khurais and Abqaiq facilities are currently producing around 4.3mbpd - sources #OOTT
  • LIVE NOW: Join DailyFX Market Analyst @DavidCottleFX for a look ahead at the major economic data which will drive Asia Pacific markets in the coming seven days. https://www.dailyfx.com/webinars/985612483?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • 🇪🇺 (EUR) Markit Eurozone Services PMI (SEP P), Actual: 52.0 Expected: 53.2 Previous: 53.5 https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=TweetRobot&utm_campaign=twr
  • 🇪🇺 (EUR) Markit Eurozone Composite PMI (SEP P), Actual: 50.4 Expected: 52.0 Previous: 51.9 https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=TweetRobot&utm_campaign=twr
  • 🇪🇺 (EUR) Markit Eurozone Manufacturing PMI (SEP P), Actual: 45.6 Expected: 47.3 Previous: 47.0 https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=TweetRobot&utm_campaign=twr
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/AGxlGkW2C6
  • Heads Up:🇪🇺 EUR Markit Eurozone Composite PMI (SEP P) due at 08:00 GMT (15min), Actual: N/A Expected: 52.0 Previous: 51.9 https://www.dailyfx.com/economic-calendar#2019-09-23
  • Heads Up:🇪🇺 EUR Markit Eurozone Services PMI (SEP P) due at 08:00 GMT (15min), Actual: N/A Expected: 53.2 Previous: 53.5 https://www.dailyfx.com/economic-calendar#2019-09-23
Forex: Volatility Ahead with Record SPX, NFPs, ECB, Ukraine and More

Forex: Volatility Ahead with Record SPX, NFPs, ECB, Ukraine and More

2014-03-01 02:01:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• Another S&P 500 push to record highs has stoked talk of 'risk on', but corroboration is light

• Risk trends will be an immediate concern next week fresh equity highs and Ukraine concerns

• Yet, data may prove the more substantial driver for pairs like EURUSD (ECB, NFPs) and AUDUSD (RBA)

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.

Headlines were quick to jump on the record high close for the S&P 500 to end the week and February, but the optimism still comes off as shallow. Yen crosses, global equities and other 'risk-sensitive' markets have long fallen behind. That leaves little hope in generating the level of influence necessary to take over trend duties to the more resilient benchmarks such as EURUSD. The winds of risk will certainly be a key concern in the week ahead, but the underlying sentiment will be more important than its typical indicators. Meanwhile, in our eternal wait for a decisive 'risk' drive, there will be plenty of event risk to drive the FX market. Of particular interest this week are the NFPs and Fed confirmation hearings (USD), the ECB rate decision (EUR) and the RBA rate decision (AUD). We talk about what will move the market's next week in the weekend Trading Video.

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

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

DISCLOSURES

News & Analysis at your fingertips.