Trading Video: Dollar and S&P 500 Post-NFP Rallies Tripped Up
• The bouyant growth and rate forecasts that lifted the Dollar and US equities Friday reversed Monday
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The rebound for US equities and further surge from the US Dollar after Friday's NFPs seemed to lose its potency over the weekend. Both moves stalled and began to retrace to start this week, calling attention to two high-profile trends that are increasingly coming under fire for being over-extended. The greenback and S&P 500 being driven by two very different fundamental themes that don't often exist simultaneously for long: expectations of rising yields and appetite for risk predicated on low yields. Meanwhile, the Euro, Japanese Yen, British Pound and Australia dollar are all facing important fundamental updates that are slowly turning the tables on market convictions. We look at these trends and their trade potential in today's Trading Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.