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Video: Dollar Recovery Effort Questioned, Pound Ready for Key Data

Video: Dollar Recovery Effort Questioned, Pound Ready for Key Data

2015-05-19 00:00:00
John Kicklighter, Chief Strategist
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Talking Points:

• The dominant trends have not changed over the past week: risk trends dubious and mon pol is pulling back

• A rebound from the USDollar to start the week tests the dominant monetary policy current

• Ahead, key event risk from the Eurozone and UK will lead to different responses from the GBP and EUR

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Record highs in US equities, a retreat from the Dollar and rebound from the Euro opened the new trading week. These are now familiar short-term trends...and they extend a sense of skepticism that has tracked these moves out each step of the way. Risk trends and monetary policy remain the key themes the financial system is working with. Speculative appetite has not recommitted itself to the blind reach for yield that was the hallmark of past years. There remains greater skepticism even if the S&P 500 has broached new highs. Meanwhile, a correction of 10 months of monetary policy trend is still carry a much more transient period of Dollar retreat and Euro rebound. We look at these themes and short-term volatility events on upcoming event risk in today's Trading Video.

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