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.

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
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Bitcoin and Ethereum look set to climb higher in the near term, as Citigroup and Goldman Sachs prove additional validation to the cryptocurrency market. Get your market update from @DanielGMoss here:https://t.co/uqdtJGoz1E https://t.co/MbQulbtGyN
  • Risk aversion is starting to take serious traction but the Dollar is also climbing after Powell's failed attempt to soothe markets. That said, I'm watching $USDJPY (sentiment below) along with the Nasdaq 100. My analysis: https://www.dailyfx.com/forex/video/daily_news_report/2021/03/05/USDJPY-Charges-Higher-Between-Post-Powell-Yield-Rally-and-Nasdaq-Breakdown.html https://t.co/ZskVYuIpLT
  • Copper is on track to make a sixth consecutive monthly gain as prices inch towards its all-time high. The global backdrop remains supportive despite a short-term pause in the rally. Get your market update from @FxWestwater here:https://t.co/STEYeIG042 https://t.co/5InKDnWH1C
  • RT @globaltimesnews: China's GDP growth target in 2021: above 6 % #TwoSessions2021 https://t.co/3CdQNNOprX
  • Retail trader signals still hint that the Dow Jones and S&P 500 may be at risk, placing the focus on year-long rising trendlines to see if dominant upside biases hold.Get your market update from @ddubrovskyFX here:https://t.co/lFpzIFNmzW https://t.co/ScKuhjL27N
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.84% Gold: -0.18% Silver: -0.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/0ehtSBFwit
  • BoJ's Kuroda: Importance of keeping yield curve low remains unchanged, appropriate to increase flexibility of ETF purchases -BBG
  • BoJ's Kuroda: Don't think it is necessary to expand long-term yield band -BBG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.06% 🇬🇧GBP: 0.06% 🇨🇦CAD: 0.05% 🇪🇺EUR: -0.08% 🇦🇺AUD: -0.12% 🇳🇿NZD: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/sirt9n9Boq
  • Japan's Prime Minister Suga: Hard to restart 'go to' travel within this fiscal year -BBG
Video: Pangs of Hope after Fed Comment Curbs S&P 500 Tumble for a Day

Video: Pangs of Hope after Fed Comment Curbs S&P 500 Tumble for a Day

John Kicklighter, Chief Strategist

Talking Points:

• The capital markets avoided a straight-line collapse for a second day, but volatility is still extreme

• St. Louis Fed President Bullard triggered a flush of hope when he remarked QE3 could delay a final Taper

• Volatility ensures that the short-term will be erratic, but medium-term points a strong trend

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

US equity indexes closed this past session little changed after another painful start. That is two days in a row that we these benchmarks have sought stability. Considering we are just a month off a five-year bull trend in capital markets, it should come as little surprise that there is plenty of hope bubbling to the surface that we have hit the bottom in the painful correction. Yet, is the 9.8 percent peak-to-trough retreat from the S&P 500 substantial enough to satisfy the imbalances in the market? Have fundamentals and positioning improved enough to turn sentiment back onto optimism and snuff recently buoyant volatility levels? Has Fed official James Bullard's suggestion that the final QE3 Taper could be delayed given investors a fundamental backdrop to reinvest on? We discuss this and more 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