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Trading Video: A Volatile End to The Week Means Bigger Dollar, Risk Moves Next Week

Trading Video: A Volatile End to The Week Means Bigger Dollar, Risk Moves Next Week

John Kicklighter, Chief Strategist

Talking Points:

• Both the S&P 500 and Dollar surged through Friday's close after the release of the September NFPs

• Capital markets saw a strong growth backdrop while currency traders interpreted a hawkish Fed

• Complacency is the more likely spark for last week, which means next week is at-risk of heavy trading

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The September NFPs didn't disappoint for for market movement. A beat from payrolls and the jobless figure translated into an impressive rally for the Dollar and US equities. Yet, were these moves representative of the progressive Fed forecast and enduring risk appetite drive (respectively) or was this a mixture of volatility and complacency? The USDollar put in for its strongest daily rally in 15 months on top of a 12 week consecutive advance though the jobs figures hardly brings forward the first hike. A turn from the S&P 500 fits the technical picture perfectly, yet the the short-term speculators that have carved out this pattern in the first place are proving less confident in each iteration of the series. Are these well-treaded trends reinvigorated for a new week or at risk on the open? We look at the majors, risk and more in the weekend Trading Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.