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Trading Video: Watching Volatility for Risk Cues and US CPI for Dollar Moves

Trading Video: Watching Volatility for Risk Cues and US CPI for Dollar Moves

2014-07-22 02:36:00
John Kicklighter, Chief Currency Strategist
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Talking Points:

• Volatility measures cooled this past week, but there seems tentatively to be an underlying current shift

• Should sentiment shift - beyond trade opportunities - it should also necessitate a trading approach change

• Top event risk for the next 24 hours is the US CPI as the market continues to discount the Fed's pace

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 rebound in risk trends after last week's swoon has proven more restrained and uneven than previous bouts of uncertainty. In other words, market participants seem increasingly unsure of the 'next leg higher'. Doubt does not guarantee a turn in sentiment is imminent, but it is a significant enough warning sign and the potential fall out from such a development substantial enough that it is critical to keep track of and have trade setups at the ready. In today's Trading Video, we pick up the risk assessment in the new trading week and evaluate the upcoming session's top event risk - US CPI - for trade potential.

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