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.

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
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • The inside bar pattern occurs regularly within financial markets. Incorporating the inside bar strategy can enhance a trader's market analysis. Find out how you can use it from @WVenketas here: https://t.co/E3EWOYTYNw https://t.co/aK98CEpfOH
  • Point 3 is not talked about enough. The bureaucratic - dare I say, Leviathan - in most universities is resulting in tuition prices skyrocketing without adding clear value to the students. https://t.co/WNZIORrfAk
  • Think #amzn will gap higher on Monday after Black Friday and the giant move to online shopping?
  • The exponential moving average (EMA) is a derivative of the simple moving average (SMA) indicator. Compared to the SMA, the EMA weighs recent price changes more heavily than later changes in price. Learn how to incorporate the EMA into your strategy here: https://t.co/w48c0xJXSX https://t.co/xFmhA7ZHqU
  • Traders in the Euro have a big decision to make this weekend: if EUR/USD hits 1.20, will it continue to advance, consolidate or fall back? Get your $EURUSD market update from @MartinSEssex here:https://t.co/8hAhguZcEA https://t.co/kwtatozp3z
  • The bullish engulfing candle is one of the forex market's most clear-cut price action signals for reversals and continuation. Learn more about this price action trading signal here: https://t.co/Yg6ecRZZNr https://t.co/9SdceNYUEK
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/imv2PnapzH
  • Defensive stocks have proven critically important when navigating stock market volatility. Find out what are the most defensive stocks here:https://t.co/TMcbMALtbw https://t.co/mmldxxEtsc
  • Dollar Index has broken major uptrend support and risks accelerated losses into the December open. Get your $USD technical analysis from @MBForex here:https://t.co/Txo8l8S1f1 https://t.co/YLVzP95JH8
  • The MACD is an indicator that uses exponential moving averages (EMA) to determine trend strength along with entry points based on crossovers. Find out how you can use the MACD as a buy/sell signal here: https://t.co/qxnP99uqTQ https://t.co/tGVqSZ2zK3
Dollar's CPI Rally Lacking, Stall in Risk Raises Yen Crosses Appeal

Dollar's CPI Rally Lacking, Stall in Risk Raises Yen Crosses Appeal

2015-11-18 00:21:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

• US CPI ticked up according to Tuesday's figures, but the development hardly furthers Fed rate speculation

• Risk trends leveled out with the S&P 500 holding at its 200-day moving average as sentiment still unsteady

FOMC minutes will give another go for Dollar volatility but risk trends offer deeper waters for pairs like JPY

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot.

US inflation data this past session was top event risk, and it would offer a modest reinforcement to prevailing Dollar bulls. However, the encouragement was modest. While there has been suggestion the October CPI update was the turning point for price pressures, the actual 0.2 percent annual reading hardly puts us within reach of the 2.0 percent target. Given the Greenback's strength in the past years - and certainly the past week - we need data that is more definitively an upgrade. Perhaps the upcoming FOMC minutes and Fed speeches will provide. In the meantime, I maintain a very near-term view of my NZDUSD short, long term for my USDCHF long and high requirement for new Dollar exposure. In contrast, there may be more immediate potential in 'risk-oriented' positions. With the S&P 500 holding its 200-day moving average as resistance, the week's opening swell in sentiment may falter and provide the drop back into range that motivates other assets with a similar predilection. The Yen crosses may have an option for regardless of the risk direction and intensity. We take a look at the markets and its potential ahead in today's Trading Video.

S&P 500 HOLDS AND RETREATS FROM 200-DAY SMA

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