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
Real Time News
  • Will be covering the Japanese #Yen to see how retail positioning could shape the outlook for $USDJPY, $AUDJPY and $EURJPY Starting in about 30 minutes! Signup for the session below: https://t.co/afqne77wU6
  • Join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here: https://t.co/AzOQioRZER https://t.co/h2DAnqnY7J
  • #BlackRock: We are neutral U.S. equities. We see U.S. growth momentum peaking and expect other regions to be attractive ways to play the next leg of the restart as it broadens to other regions, notably Europe and Japan $SPX $NDX
  • #BlackRock: The new nominal theme leads to a steeper yield curve expectation than market pricing. We see yields rising gradually, keeping us broadly underweight government bonds, particularly for longer maturities #trading $TLT
  • BlackRock: We are overweight European equities, and neutral Japan #trading
  • Gold prices face off with rising Treasury yields as jobs data approaches. Meanwhile, iron ore prices caught a small bid on bullish port activity out of China. Get your market update from @FxWestwater here:https://t.co/A79cY6KvDI https://t.co/rJ0xqsUPu1
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwvklO https://t.co/cRqAcvYkI8
  • #Blackrock: We are moderately pro-risk and keep some cash to potentially further add to risk assets on any market turbulence #trading $SPX $RUT $DJIA
  • RT @BrendanFaganFx: Natural Gas Outlook: Price Continues to Soar as Severe Winter Shortage Looms $NG $NG_F Link: https://www.dailyfx.com/forex/market_alert/2021/09/28/Natural-Gas-Outlook-Price-Continues-to-Soar-as-Severe-Winter-Shortage-Looms.html…
  • USD/CAD is set to snap a five-day sell-off with today’s rally breaking near-term downtrend resistance. Get your $USDCAD market update from @MBForex here:https://t.co/GhpA2pJJqL https://t.co/sDuE9WdDEg
Beware Risk Trends after ECB Defines Ends of Monetary Policy

Beware Risk Trends after ECB Defines Ends of Monetary Policy

John Kicklighter, Chief Strategist

Talking Points:

  • The ECB offered a full press on monetary policy: rate cut, negative deposit rate, more QE, a move into corporate debt
  • A Euro rally and DAX slump paint unusual outcomes on more stimulus, but this isn't isolated or new
  • With monetary policy's influence over the markets changing, traders should mind market-wide investor sentiment

See how retail traders are positioning in the majors on DailyFX or bring the figures to your charts using the FXCM SSI snapshot.

The ECB attempted to shock and awe the markets. It didn't work particularly well. With the European Central Bank lifting the bar on the extremes of accommodative policy, we witnessed an immediate market reaction that contradicts what many have come to expect. Comparative yield advantage, front-running central banks and risk appetite born of moral hazard have lost their footing in the financial system. This holds deep implications for more than just the Euro's next leg. If sentiment can no longer be leveraged higher by expectations of more external support, are conditions stable enough for markets to go it alone? Where is their an excess of premium or a dearth of volatility that could be back-filled? What markets are exposed to the limitations of monetary policy and which can avoid this fundamental debate? And, what is in store for the Euro? We discuss this 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