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.

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
More View more
Dollar, Risk and Commodity Trends Will Clamber for Fuel Next Week

Dollar, Risk and Commodity Trends Will Clamber for Fuel Next Week

John Kicklighter, Chief Strategist

Talking Points:

• It will be difficult to keep last week's heavy volatility and nascent trends stoked moving forward

• Of the key themes under power currently, the Dollar's swing is most at-risk with Yellen testimony

• Risk appetite (equities, Yen crosses), commodities and Pound will have to find power outside of the calendar

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

This past week ended with more than a few exceptional market trends. A ramp in Dollar volatility that nearly saw a break from its multi-year bull trend was righted by an encouraging labor report. The rebound in global equities faded back into troubling support. And, volatility for key commodities (oil and gold) is generating greater speculation of impending trend changes. Will these major moves maintain traction into the upcoming trading week with a shift in scheduled event risk? With the exception of the US Dollar which will be pulled forward to Fed Chair Janet Yellen's testimony in congress Wednesday and Thursday, there is a tangible downgrade in the profile of the scheduled event risk. This can prove either a burden in stealing the wind from market, but it can also be a boon. Without a milestone to hold off for, trends can often develop under speculators' own power. What level of activity should we prepare for and what trends should be monitored. We discuss that 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.

DISCLOSURES