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.



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
More View More
Traders Anxious for Next Week as Markets Threaten Collapse

Traders Anxious for Next Week as Markets Threaten Collapse

John Kicklighter, Contributor

Talking Points:

• With a long weekend ahead, the speculative ranks scrambled to dump risky positions before the weekend

• European equity indexes, GBPJPY and high-yield posted critical technical breaks while the SPX and USDJPY did not

• China's health, commodities' plunge and other prominent headlines should be measured for global sentiment impact

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

Rather than slip peacefully into the liquidity drain of the weekend, fear exploded through the closing hours. This puts us in a very unpredictable situation for next week's open. There are a range of sentiment benchmarks (DAX, Nikkei 225, high-yield indexes, GBPJPY) that have cleared critical support and those that haven't (S&P 500, USDJPY). There was no debating the breadth and thereby the intention of the market's move. Risk aversion took over. And, there is plenty of fundamental reasoning for that fire to keep raging. Yet, will the liquidity break with a holiday-extended weekend offer another stay of execution? It will be important to keep an eye on the fundamental catalysts dominating the headlines including Chinese exchange rate pressure, the plunge in commodities and key data like China's 4Q GDP. That said, keep these sparks in the context of the big picture . We look to prepare you for the week ahead in this weekend 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.