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 At Support Without Spark Like FOMC to Decide Rebound/Break

Dollar At Support Without Spark Like FOMC to Decide Rebound/Break

John Kicklighter, Chief Strategist

Talking Points:

USDollar has intensified the pressure on bull trend's floor, but no deciding fundamental catalyst in sight

• Risk rebound uneven with Yen crosses behind the pace set by global equities

• Commodities extend market-pacing rally with oil, gold and copper setting different rates of growth

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

We kicked off Monday with the same trends that shaped the market's course the week before. Risk appetite extended its buoyancy with an increasingly divergent pace of climb. Where commodities were still setting the pace, equities were struggling for momentum, Emerging Market assets were mixed and Yen crosses were notably struggling. Momentum is a key ingredient to the drive of general risk appetite, so its absence strikes a cord for those willing to jump on the tempting speculative rebound. Sentiment is perhaps only slightly more active a driver than relative monetary policy for the FX market. There are key central bank decisions due over the next two weeks - ECB, Fed, BoJ, SNB, RBNZ, BoC - but speculation is already stretched for those that are seen debating their next move. We discuss what the key technical levels against cooling themes and non-critical event risk means for trading ahead in today's Trading Video.

To receive John’s analysis directly via email, please SIGN UP HERE

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

DISCLOSURES