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Trading Video: A Liquidity Return Charges Risk, Drives Volatility Down

Trading Video: A Liquidity Return Charges Risk, Drives Volatility Down

2014-05-28 01:22:00
John Kicklighter, Chief Currency Strategist
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Talking Points:

• US and UK markets are back online, and a bid returned for the regions' equity markets

• The 'risk' performance was not particularly uniform, however, as carry and EM were struggling

• Having trade setups for a sustained risk run or reversal is just as important as rate forecast trades

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.

It is ironic that the return of liquidity for the New York and London sessions would translate into a retrenchment of low volatility. Are equity indexes signaling a new wave of investor appetite with the charge to record highs, or is this another short-term drive by speculators looking to draw on the flush of breakout volatility? If risk appetite is indeed set to build, it will do so with limited room for fundamental support but will find many short-term opportunities like AUDUSD, NZDUSD and USDJPY among others. Alternatively, if this is another exploitation of complacency, the subsequent reversal in sentiment can shake loose equity index, high yield, carry currency pairs and even EURUSD. We look at these market conditions in today's Trading Video.

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