Skip to Content
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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Trading Video: Fed Rhetoric Moves the Dollar, Risk Appetite Rebounds

Trading Video: Fed Rhetoric Moves the Dollar, Risk Appetite Rebounds

John Kicklighter, Contributor

Talking Points:

• The Dow's attempt to lead the pack to a bearish break was quickly reined in Monday with a market-wide rally

• Fed and BoE officials were speaking Monday, but their remarks carried different degrees of market impact

• Chinese data is on the docket and Aussie Dollar traders should remain vigilant

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 !

Both near-break scenarios for both equities and the US Dollar have handily reversed from their high profile technical boundaries to start this week. From the 'risk' sensitive shares market, the Dow Jones Industrial Average's effort to break a high profile 'neckline' on a head-and-shoulders pattern this past Friday was instantly rendered inert Monday with the biggest daily rally in two months. Meanwhile, the Greenback was driven lower by Fed commentary that seemed to carry a more balanced outlook than price action seems to imply. That is likely due to the influence that market conditions in the form of a key seasonality effect's hold over the market. Will Monday's volatility carry forward through the market and finally find volume or a key break? We discuss that 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.