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
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.41%, while traders in US 500 are at opposite extremes with 78.13%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/zwiEeGWqsC
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.04% 🇯🇵JPY: -0.09% 🇳🇿NZD: -0.13% 🇪🇺EUR: -0.19% 🇬🇧GBP: -0.31% 🇦🇺AUD: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/BvewuY23QZ
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.05% France 40: -0.08% Wall Street: -0.12% FTSE 100: -0.18% US 500: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wzqg2S1F14
  • Wall Street Futures Update: S&P 500 (-0.225%) Dow Jones (-0.126%) Nasdaq Composite (-0.194%) [delayed] -BBG
  • The US Dollar is attempting to find direction against the Singapore Dollar, Philippine Peso and Indonesian Rupiah as technical levels hold. The Malaysian Ringgit eyes a key trend line. Get your market update from @ddubrovskyFX here:https://t.co/lcSLkOnJgQ https://t.co/u3JfwxpCvh
  • The $USD is falling against #ASEAN currencies such as the Singapore Dollar and Indonesian Rupiah as stock markets rise. Watch out for US-China escalation and Brexit talks. Get your market update from @ddubrovskyFX here:https://t.co/PziC8KZaIC https://t.co/cQWfmGnb4H
  • (Commodities Briefing) #Gold prices sank as #ADP estimated a smaller contraction in jobs ahead of #NFPs. #CrudeOil prices may fall with the OPEC+ meeting in doubt as #WTI left behind a Doji candlestick #OPEC - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/06/04/Gold-Prices-Sink-Crude-Oil-Risks-Falling-with-OPEC-Meeting-in-Doubt.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/fjAnPB3Rc1
  • Seasonal factors, oversupply issues and the outbreak of COVID-19 has seen the price of liquefied #naturalgas (LNG) fall to 22-year lows (1.519), with the situation exacerbated by ‘fuller-than-normal’ storage facilities. Get your market update here:https://t.co/VOqfkBQ4aR https://t.co/fvyX0wfWcg
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.34% Silver: -0.33% Oil - US Crude: -1.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VFJfH2lsYE
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.00% 🇨🇭CHF: -0.05% 🇳🇿NZD: -0.07% 🇨🇦CAD: -0.12% 🇬🇧GBP: -0.25% 🇦🇺AUD: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9wAQM4BGpE
Tension Builds as SPX Climbs, USD Worst 3-Week Fall in 3 Years

Tension Builds as SPX Climbs, USD Worst 3-Week Fall in 3 Years

2016-03-19 01:43:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

  • The S&P 500 leads a broad rebound in risk assets, but is this trend or correction?
  • USDollar has fallen for three consecutive weeks, marking the strongest downdraft since June 2013.
  • USDJPY, GBPUSD, EURGBP, GBPNZD and AUDNZD may present asymmetrical fundamental and technical scenarios

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

Have market conditions taken a systemic turn in favor of global speculation and financial stability? Many assets that are considered moored to speculative appetite have projected a strong, correlated advance. It is difficult to ignore the correlation across assets, but the motivations certainly draws questions. There seems no convincing evidence to suggest a revived global growth path, swell in projected investment returns or remedy to the unhealthy credit conditions across the globe. Sentiment can certainly navigate without these fundamental coordinates, but skepticism and volatility cast frequent shadows these days. Perhaps it is the absence of essential and tangible support that has lead to the focus on the Dollar and the rise of conspiracy theory surrounding a 'Shanghai Accord'. Speculative appetite grows increasingly stretched, but holiday trading conditions this week may delay the reckoning. With the S&P 500 shaping out a remarkably familiar pattern against a troubled fundamental backdrop, the Dollar suffering a remarkable loss and speculative interests realigned; we look at what the market faces in this weekend 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

News & Analysis at your fingertips.