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.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bullish
More View more
Real Time News
  • RT @carlquintanilla: Blame the Fed. Blame tariffs. Blame GM. Blame Boeing. But US industrial production has fallen from 5.4% growth in Sept…
  • 🇺🇸 USD DOE U.S. Crude Oil Inventories (JAN 17), Actual: -405k Expected: N/A Previous: -2549k https://www.dailyfx.com/economic-calendar#2020-01-23
  • RT @QuickTake: JUST IN: The U.S. State Department says to reconsider travel to China, raises its advisory for the country to level 3 amid u…
  • RT @EconguyRosie: Today's decline in the Conference Board LEI, the downward revisions and the negative YoY trend leaves the outlook with tw…
  • 👀 https://t.co/h50XsheVmy
  • $RUT $RTY $IWM | Russell 2000 off its Jan 17 peak by roughly 2.25% #Stocks #StockMarket #Trading #TechnicalAnalysis https://t.co/05gcfNQj40
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.47% 🇦🇺AUD: 0.07% 🇳🇿NZD: -0.04% 🇨🇭CHF: -0.14% 🇬🇧GBP: -0.27% 🇪🇺EUR: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JAI7Vvb2et
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: US 500: -0.26% Wall Street: -0.37% France 40: -0.47% Germany 30: -0.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/W0Akx48sao
  • Heads Up:🇺🇸 USD DOE U.S. Crude Oil Inventories (JAN 17) due at 16:00 GMT (15min), Actual: N/A Expected: N/A Previous: -2549k https://www.dailyfx.com/economic-calendar#2020-01-23
  • from wedge resistance to wedge support $EURJPY https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/01/18/Euro-Weekly-Forecast-EURUSD-Range-EURJPY-Wedge-Ahead-of-ECB.html https://t.co/bAGbxFR0M4
Trading Video: Equity Recovery Fails, Central Banks Shake Up FX Markets

Trading Video: Equity Recovery Fails, Central Banks Shake Up FX Markets

2014-12-12 02:53:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• Volatility continues to build with a wild S&P 500 day, but conviction in risk aversion still lacking

• The Euro was top billing with its second T-LTRO details, but stimulus may not be its key concern ahead

• Positions by the SNB, RBA, RBNZ and BoC show other central banks won't sit idly by as the rules change

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.

The S&P 500 failed spectacularly to forge a recovery this past session, and the result was more financial market volatility. Between a falter in the beacon for complacency, the rise in various asset classes' volatility measures and troubled foundation for positioning; some are ready to call a true 'risk aversion' weather front has descended on the market. Yet, even if sentiment does swing to the bears, will it compensate for a seasonal drain on liquidity to generate momentum? Meanwhile, the monetary policy wars (few will admit to currency wars) continues to heat up. The ECB's second Targeted-LTRO program drew tepid interest - reinforcing speculation that a bigger stimulus effort is necessary. As the biggest central banks leverage their influence, smaller players - the SNB, BoC, RBA and RBNZ - are being forced to take steps of their own. We discuss the top market-moving themes and top movers 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

News & Analysis at your fingertips.