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.

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
Subscribe
Please try again
More View more
Volatility Risk Shifts from Emerging Markets Growth to Fed Timing

Volatility Risk Shifts from Emerging Markets Growth to Fed Timing

Research, Research Team

Talking Points:

• Top event risk the past 24 hours was the growth update from Emerging Market (BRICS) PMIs

• Through Friday, the focus will shift to Fed timing as September NFPs shape employment and inflation forecasts

USDollar and equities ranges will be tough to clear Friday while USDJPY, GBPUSD and AUDNZD are more active

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!

A second day of recovery for equities and risk-aligned markets this past session further cools the drive for trend. Emerging Markets - China in particular - threatened to revive global financial turbulence with a round of key growth figures. The September manufacturing PMI figures for the BRICS (Brazil, Russia, India, China, South Africa) represent a targeted view of growth from a group of economies that have shouldered a considerable responsibility for the global recovery since the Great Financial Crisis. Though most readings were contractionary, the data didn't generate short-term surprise with large deviations from forecasts. Ahead, we shift focus to another key market driver in these generally uncertain times: Fed and global monetary policy. NFPs may be the headline, but the crux of Friday's US labor data will be wage figures. As we head into the final 24 hour session of the trading week, vigilance for volatility needs to be weighed against the outlook for trend development. We discuss key fundamental themes, exposed markets and more active opportunities 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