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.

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
USD Tumble Already Running Out of Yellen Steam, Risk Run Uneven

USD Tumble Already Running Out of Yellen Steam, Risk Run Uneven

John Kicklighter, Chief Strategist

Talking Points:

  • The Dollar extended its Yellen-triggered decline this past session, but progress floundered outside tactical moves
  • A rebound or extended dive from the Greenback now rests with Dudley, NFPs and risk trends
  • Already in a bull trend, the progress of risk appetite trends is decisively lacking

Having trouble trading in the FX markets? This may be why.

It seems even Fed Chair Janet Yellen can't sustain steady Dollar bear and risk appetite bull trends. Though her speech on Tuesday sparked volatility and an initial wave of selling for USD and a general bid for risk-oriented assets, conviction behind the move petered out rather quickly. For the Greenback, there was still a general slide that conforms to the recent slip in rate expectations; but progress was made on more tactical circumstances - such as with the technical break from NZDUSD or acceleration for existing USDCAD and AUDUSD trends. For broader speculative sentiment, the S&P 500 and Dow crowded headlines with 2016 highs; but other risk plays were struggling, stalled or started to retreat. Ahead, we will see headlines on Fed members weighing in on financial crises; Chinese economic activity and US NFPs. This event risk is likely to add to volatility and offers little certainty for clear trend. We discuss conditions and event risk 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