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
More View more
Real Time News
  • US Dollar Ascending Triangle: FOMC Forecasts Push USD Breakout Potential https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/27/US-Dollar-Ascending-Triangle-FOMC-Forecasts-Push-USD-Breakout-Potential.html https://t.co/2jCT8wiMHw
  • Fed's Brainard: - Elevated inflation is driven by Covid-related disruptions - The Fed must remain faithful to its new policy framework
  • Powell implied that the Fed is ready to taper, so long as employment data doesn't significantly disappoint. There's one NFP report before the Fed's November meeting, and it's the one Brainard referenced in these comments. NFP released on Oct. 8th (not this Fri but next) https://t.co/6PmNUEto7F
  • Fed's Brainard: - Employment remains short of the bar for tapering, but may meet it soon - The economy continues to make welcome progress
  • Fed's Brainard: - Labor data for Sept. may be weaker than expected - Delta variant has caused more havoc than expected
  • Fed's Williams: - Inflation did not achieve the 2% target because the Fed acted too soon in the past - If the US defaults, the Fed will not be able to repair the economic harm
  • Fed's Williams: - I don't anticipate a significant increase in labor supply in Sept. and Oct. - I believe the job market will be quite robust in 12 months
  • Crude oil back to resistance - #CL2! chart on @TradingView https://t.co/bwcFB2lpqr
  • Heads Up:🇺🇸 Fed Brainard Speech due at 16:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-27
  • Markets reacted earlier today after 10-year U.S. Treasury yields popped resulting in a move away from the South African rand as the U.S. dollar firmed – reducing the attractiveness of the carry trade. Get your market update from @WVenketas here:https://t.co/LPzqjA8Ysj https://t.co/2rfz0xrmeQ
Forex Trading Video: Is S&P 500, Yen Crosses Push Higher Renewed Trend?

Forex Trading Video: Is S&P 500, Yen Crosses Push Higher Renewed Trend?

John Kicklighter, Chief Strategist

Talking Points:

• Equities and yen crosses posted a bullish break to start the quarter, but is this really a sentiment move?

• The same constraints to risk seekers remain - excessive leverage, few bargains and bareen participation

• If risk continues, Aussie and Kiwi dollars are best poised; while risk aversion exposes the yen crosses

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.

The S&P 500 finally pushed through resistance on a six-week congestion pattern, and the yen crosses jumped on board. The question - as it always is though - is whether this thrust is the impetus for a new trend or a temporary spike. With the turn of the quarter, investors may be looking to reposition or roll risk exposure. Then again, a technical impetus may be all the market needs to work through short-term speculative anxiety and push another leg of a long-term trend. Identifying opportunities for either outcome on risk is worth our time, so in today's Trading Video we look at candidates for 'risk on' (AUDUSD, NZDUSD) and 'risk off' (CADJPY and AUDJPY) while also accounting other big themes and upcoming event risk.

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