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
EUR/USD
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
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Bullish
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • #NOK, #AUD and #NZD are expected to be the most-active #G10 majors versus #USD with one-week implied volatility at 16.33, 12.22 and 12 respectively [delayed] -BBG
  • $DJIA futures carving out a Falling Wedge pattern just above the 200-MA after falling over 8% from the September 3 post-crisis high. $DJI #DowJones Is a recovery in the works? Find out how to trade these patterns and more here: https://www.dailyfx.com/education/technical-analysis-chart-patterns/falling-wedge.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr https://t.co/7dfYFgkpub
  • Copper prices may continue to push higher despite a worrying surge in Covid-19 cases and the lack of progress in Congressional stimulus negotiations. Get your #copper market update from @DanielGMoss here:https://t.co/N2OW566nID https://t.co/C33TkPT1vN
  • After some divergence, #EmergingMarkets capital outflows are picking up alongside the selloff in the #SP500 Markets may now be increasingly opening up to the consequences of a slowdown in the US spilling outward given a lack of new fiscal stimulus there - https://t.co/gKEdg1GeeZ https://t.co/I5dAptPjyQ
  • #SP500 futures hurtling towards the 200-MA after breaching Bear Flag support Above-average volume in tandem with the RSI snapping below 40 hints at extension of the recent move Implied measured move suggests price could fall as far as the 3000 level. #ES #SPX https://t.co/VdZKgblp3S https://t.co/hXHOIS1oho
  • Wall Street Futures Update: Dow Jones (-0.266%) S&P 500 (-0.317%) Nasdaq 100 (-0.524%) [delayed] -BBG
  • Heads Up:🇯🇵 BoJ Monetary Policy Meeting Minutes due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-23
  • Silver prices in freefall... https://t.co/g32kz3VLNi
  • #Silver extends losses over 3.1% heading into Thursday's Asia Pacific trading session
  • South Korean Vice Finance Minister Kim Yong-Beom: South Korean stock market volatility may expand. Recent Won gains may be due to Chinese Yuan's rise -BBG
Video: EURUSD and S&P 500 Tumble Spurs Momentum Hopes/Fears

Video: EURUSD and S&P 500 Tumble Spurs Momentum Hopes/Fears

2015-03-11 01:57:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

• Risk aversion is catching traction with the S&P 500 posting its second biggest drop in 5 months

• While the shift in sentiment looks genuine, an unbridled deleveraging requires a few milestones

• High profile event risk lies ahead for the Euro, Yuan and New Zealand Dollar

Want to test out all the premium tools and resources FXCM has to offer? We are holding an Open House.

After a pause Monday, risk aversion picked up where it left off late last week after NFPs. The S&P 500 suffered its biggest daily drop in two months and the second largest tumble in five months (at the height of the last major market swoon). Looking across the markets, this move reflects a sentiment change rather than an isolated asset convulsion as is evidenced by a drop in many assets with varying degrees of sensitivity to speculative appetites. The question now is whether this is just another adjustment by a market with a short-term trade agenda or a true and lasting shift to delever. It is too early to call conviction, but there are a milestones we can look for to gauge intensity. We talk risk, the unfolding of major fundamental themes and upcoming event risk 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