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

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

John Kicklighter, Chief Strategist

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

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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.

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