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The Next Stage of Risk Aversion for Yuan, Shares and Yen Crosses

The Next Stage of Risk Aversion for Yuan, Shares and Yen Crosses

John Kicklighter, Chief Strategist

Talking Points:

• Risk aversion is the most prominent fundamental theme carrying the markets into the New Year

• The catalysts of sentiment are changing from monetary policy and global growth concern to a China-lead

• Stocks and Yen crosses are some of the most potent opportunities, but they also have key levels still in play

What are the Traits of Successful Traders? See what our studies have found to be the most common pitfalls of retail FX traders.

Happy New Years trading. We have certainly opened up 2016 with a bang as the long-awaited and tremendously potent potential of risk aversion seems to finally be finding traction. A sharp correction has already been seen through many sentiment-directed assets out there, but this certainly isn't the extent of the underlying theme, not is it far enough along that we have 'missed the boat'. Patience - as always - is a virtue for trading. There are many FX and capital market outlets that are well positioned for a continued flight to quality with fundamental reasoning for holding out and technical cues that mark the next stage of risk aversion. In particular, I'm partial to Yen crosses and equity indexes. Meanwhile, the drivers of sentiment have changed from late 2015 from an obsession over monetary policy's influence on speculative appetites to the more stirring concern surrounding China's health. We set the pace for the new week and year in today's Trading Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.