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Trading Video: Can the Dollar Sustain its Rally and the S&P 500 its Quiet?

Trading Video: Can the Dollar Sustain its Rally and the S&P 500 its Quiet?

2014-09-06 02:34:00
John Kicklighter, Chief Currency Strategist

Talking Points:

• Despite a boom of volatility in FX markets, sentiment trends and the S&P 500 remain troubling stoic

• The most impressive trend lately may also prove the most overdone in the short-term - the Dollar's rally

• If there is shift in risk or greenback favor, there are plenty of opportunities; but USDJPY would hit both

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Though it falls short of the S&P 500's maturity, the US Dollar's rally these past two months stands out as one of the financial market's top themes. An eight-week rally for the USDollar matches its longest run in 15 years, but the performance is all the more remarkable for the fundamental drivers backing its progress. Rather than find its footing through a 'flight to safety' or meaningful upgrade in policy forecasts, the greenback has drawn strength through its counterparts' difficulties. The culmination of unique issues for the Euro, Pound and Yen make for an effective lever; but it is also one that lacks for endurance. With equity markets pulsating 'extreme complacency' and the dollar stretched, we look at market conditions and potential setups for the week ahead in today's Trading Video.

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