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.



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
Oil - US Crude
Wall Street
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:
  • 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.
  • 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:
  • 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:
  • 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:
  • 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:
  • Defensive stocks have proven critically important when navigating stock market volatility. Find out what are the most defensive stocks here:
  • Dollar Index has broken major uptrend support and risks accelerated losses into the December open. Get your $USD technical analysis from @MBForex here:
  • 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:
Trading Video: Dollar Fails to Rally on Hawkish FOMC, Equities Rally

Trading Video: Dollar Fails to Rally on Hawkish FOMC, Equities Rally

2015-11-19 03:06:00
John Kicklighter, Chief Strategist

Talking Points:

• The FOMC minutes added to the swell in Fed rate speculation fed by the October policy decision and NFPs

• Despite a higher probability of a December hike, the USDollar pulled back and S&P 500 crossed the 200-day MA

• Risk trends and Fed timing will find more discrete counterparts in key event risk ahead

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

With a slip from the Dollar and charge by the S&P 500 back above the 200-day moving average, it would seem that this past sessions top event risk (the FOMC minutes) curbed the chances of a December Fed hike. Yet, the transcript reinforced the probability. The seemingly contradictory response is a reflection of a fundamental scenario that has been progressively adjusted to in the financial markets. A Fed tightening still carries serious potential volatility and capital redistribution risk as its implications are incredibly complex, but for now the speculative edge has dulled. The question is how strong the move against these prevailing trend can be. The Dollar is just off 12 year highs. Meanwhile, risk-honed assets like US equities have other hurdles to account for. Ahead, the docket will offer further event risk to shape key risks to sentiment and important monetary policy forecasts. We look at trends and catalysts 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.