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Strategy Video: Markets Push Closer to Broad and Heavy Trends

Strategy Video: Markets Push Closer to Broad and Heavy Trends

2014-04-11 22:47:00
John Kicklighter, Chief Strategist
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Talking Points:

• FX and capital markets are coming closer to trading indecision and range for momentum and trend

• Technical cues are important, but lasting trends require the influence of an fundamental change

• Risk trends (via equities and yen crosses) and rate forecasts (through the USD) are top opportunity Are we seeing this shift from range to breakout moving on to trends?

Strategies differe for these different market types and we have coded the DailyFX-Plus strategies for Breakout, Range and Momentum.

Though we have seen a benchmark like equity markets, yen crosses and EURUSD gradually move their way higher over the past months, there has been a lack of conviction to these drives. Despite the eventual direction, momentum has been absent and correction has been just as prevalent as progress. Heading into the weekend with a jump in volatility and more uniform movement across the spectrum, traders are attuned to the growing potential of more serious drive taking root. We discuss the needs of a prominent trend (a dominant theme like risk trends or rate forecasts) and the best trade options (yen crosses, equities, dollar-based majors) should they take in the weekend Strategy 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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