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.

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
EURUSD, USDCHF and Kiwi Crosses Offer More Traction than SPX and Risk Trends

EURUSD, USDCHF and Kiwi Crosses Offer More Traction than SPX and Risk Trends

John Kicklighter, Chief Strategist

Talking Points:

• The S&P 500 is closing on its record high but fundamentals are dubious, the USD struggles with stronger winds

• ECB and SNB Presidents offer dovish views, the former on QE and the latter with a more unpredictable strategy

Kiwi crosses offer consistent technical patterns that may provide movement drive without strong fundamentals

See the DailyFX Analysts' 4Q forecasts for the Dollar, Euro, Pound and Gold on the DailyFX Trading Guides page.

The market's are on the move, but the most flashy setups may not provide the best opportunities. Continuing to build a speculative presence, the S&P 500 is now just off record highs. However, the fundamental backing for the move lacks depth. Meanwhile, a significant upgrade in Fed expectations and general fundamentals doesn't seem to be moving the USDollar Index any closer to the 12-year highs above - much less through them. Perhaps the round of Fed speakers (anchored by Chairwoman Janet Yellen) tomorrow can change this one way or the other. In the meantime, the Euro and Swiss Franc have caught a stronger fundamental wind after the presidents for the ECB and SNB offered dovish sentiments at their respective speeches. EURUSD offers a convincing medium-term fundamental, but it may not match USDCHF for scale. In the meantime, the New Zealand Dollar has staged similar technical patterns across a number of its pairs. I have trades in AUDNZD and NZDUSD, so adding will require serious conviction. We look at the stalwarts and the true market movers in today's Trading Videos.

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