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.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • 🇫🇷 Inflation Rate YoY Prel Actual: 0.2% Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇨🇭 KOF Leading Indicators due at 07:00 GMT (15min) Expected: 70 Previous: 63.5 https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇭🇺 GDP Growth Rate YoY Final due at 07:00 GMT (15min) Expected: 2.2% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇭🇺 GDP Growth Rate QoQ Final due at 07:00 GMT (15min) Expected: -0.4% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇫🇷 Inflation Rate YoY Prel due at 06:45 GMT (15min) Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇩🇪 Retail Sales YoY Actual: -6.5% Expected: -14.3% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2020-05-29
  • The S&P 500 is approaching secondary breakout targets up here and the rally may be vulnerable heading into uptrend resistance. Get your S&P500 technical analysis from @MBForex here: https://t.co/21a20q3vt7 https://t.co/GgmPAcuTVe
  • Heads Up:🇬🇧 Nationwide Housing Prices YoY due at 06:00 GMT (15min) Expected: 2.8% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇩🇪 Retail Sales YoY due at 06:00 GMT (15min) Expected: -14.3% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇯🇵 Housing Starts YoY Actual: -12.9% Expected: -12.1% Previous: -7.6% https://www.dailyfx.com/economic-calendar#2020-05-29
The Next Stage of Risk Aversion for Yuan, Shares and Yen Crosses

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

2016-01-12 00:31:00
John Kicklighter, Chief Strategist
Share:

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.

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

News & Analysis at your fingertips.