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: Dollar Breaks Key Support as Pound and Kiwi Soar

Trading Video: Dollar Breaks Key Support as Pound and Kiwi Soar

John Kicklighter,

Talking Points:

• Risk trends slipped led by the S&P 500, but that underlying theme didn't spur the sharpest moves

• A tempered Fed forecast finally pulled the Dollar through major support - does it continue?

• The Pound and Kiwi have posted aggressive rallies, but follow through may struggle without fuel

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!

We have seem some impressive moves recently, and they some don't seem to follow key themes nor the prevailing trends. The Dollar move was among the most remarkable. While not as sharp as some, the drop from the Greenback cleared more than few major technical levels and leveraged the discussion about prevailing trends. USDollar cleared 2015's range floor as interest rate forecasts for the Fed were further deflated by data (retail sales and PPI) as well as a more temperate Beige Book. Yet, rate forecasts have dropped sharply over the past 3 to 6 months, so how much further can a delayed Fed pull the currency. Meanwhile, a break-of-necessity from a terminal USDJPY wedge should be eyed with doubt as risk trend's contribution was second to the questionable Dollar move. Both Dollar and speculative appetite will continue to feed key trends over time, but how much staying power will the Pound and Kiwi Dollar rallies maintain with the dockets thinning out going forward? We look at these abrupt and deep moves 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.