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
  • Citi lowers China 2022 GDP forecast 4.9% from 5.5%, citing expected spillover from managed Evergrande restructuring
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/8p6STxmVC6
  • Spooz sub 50-DMA again. There’s been some selling overnight during the European sessions yesterday and today. Sure hope this doesn’t shape up into a H&S topping pattern, but has anyone else noticed lower highs and lower lows forming? 👀 $SPX $ES #SP500 https://t.co/Bf3Icn2T2H https://t.co/vf8jgtVstk
  • PBoC Governor - PBoC has the conditions in place to maintain a normal and rising yield curve - Sees no need to purchase assets now
  • Not today I’m afraid. I’m on holiday in Ventnor in the lovely Isle of Wight https://t.co/iIm6hBksLs
  • ECB's Villeroy - Inflation forecast justifies keeping loose ECB policy
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/T2Lg516oCq
  • Join @MartinSEssex at 5:30 EST/9:30 GMT for a webinar on trading sentiment. Register here: https://t.co/CX9djlHnWK https://t.co/wyMaa9BPYk
  • Japan PM Suga - To lift Covid state of emergency in all regions at the end of the month $JPY
  • Reminder that the 21st OPEC and non-OPEC Ministerial Meeting is scheduled for October 4th
Trading Video: Dollar and Equities Extend Gains, Still Lack Momentum

Trading Video: Dollar and Equities Extend Gains, Still Lack Momentum

John Kicklighter, Chief Strategist

Talking Points:

• Equities gains globally Monday and the S&P 500 hit the closely watched 2,000-mark intraday

• Extending a two-month trend, USD gapped on the open with particularly lurid EURUSD and USDJPY moves

• Progress is still being made without the structure we normally expect in solid and lasting trends

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

A gap on the open for the USDollar and the S&P 500's tag of 2,000 made for good headlines to start the week, but it does little to reassure fortify conviction in a sustained trend. For speculative appetites, the low-hanging fruit in risk premium has been harvested leaving equities and yen crosses once again face trends that are coming up short on fresh blood. From USDJPY, the recent performance is especially circumspect as as the dollar's own run lacks for a fundamental draft in interest rate expectations. What do we do when trends face serious doubt and headwind yet keep progressing? We discuss that in today's Trading Video.

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