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
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Real Time News
  • Why should you set trading goals? How can it help regardless of what your #tradingstyle is? Find out: https://t.co/AYdD7ODlv1 https://t.co/IEwlO8cOoX
  • My trade video for today: 'Dow Slide Reflects Trade Headlines, #Dollar Watch for Monetary Policy Cues' https://www.dailyfx.com/forex/video/daily_news_report/2019/11/20/Dow-Slide-Reflects-Trade-Headlines-Dollar-Watch-for-Monetary-Policy-Cues.html?CHID=9&QPID=917719 https://t.co/vxAKKXX6Ga
  • ECB's Lane: Lower debt cost should be used to cut debt, Euro-Area banks can diversify sovereign bond holdings -BBG #ECB $EURUSD
  • ECB Board Member Nathan Lane: We do not see a recession in the Euro Area, ECB is not at limit of monetary policy -BBG $EURUSD #ECB
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.94%, while traders in US 500 are at opposite extremes with 80.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wVYTwsiWft
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.04% 🇨🇭CHF: 0.02% 🇪🇺EUR: -0.05% 🇬🇧GBP: -0.11% 🇳🇿NZD: -0.16% 🇦🇺AUD: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/o1pjZMgdK7
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: France 40: -0.13% Wall Street: -0.17% US 500: -0.17% Germany 30: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MpY58dFfmF
  • Overnight index swaps are pricing in about a 25.5 percent chance that the #RBA could deliver a 25bp rate cut next month with odds of a February reduction instead at 61.4% -BBG $AUDUSD
  • The $USD may be preparing to stage a reversal against the Singapore Dollar as USD/SGD trades within a Falling Wedge. This is as the USD/IDR downtrend remains intact. Get your market update from @ddubrovskyFX here:https://t.co/7fzeWrnlc1 https://t.co/fVq1rcBKva
  • AUD/USD Technical Analysis: Aussie Selloff Expected to Resume - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2019/11/20/AUDUSD-Technical-Analysis-Aussie-Selloff-Expected-to-Resume.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #technicalanalysis https://t.co/YZ7rKsjqng
Anxiously Awaiting Critical Moves for SPX, Yen, Dollar and Oil

Anxiously Awaiting Critical Moves for SPX, Yen, Dollar and Oil

2016-04-15 22:52:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

  • S&P 500 pushes to speculative extremes, conviction will either fuel further risk taking or its absence break it
  • Monetary policy an active theme, but only the ECB's rate decision will follow a set decorum for market impact
  • An OPEC and key non-OPEC production meeting in Doha holds the attention of more than just the oil trader

See how retail traders are positioning in the majors using the FXCM SSI readings on DailyFX's sentiment page.

The convergence of pressure across a range of markets should make investors wary. While risk orientation can align many assets, there are a variety of circumstances pushing separate markets to critical levels and tension. General conditions as they are can readily transmit shock and volatility via sentiment channels, which makes for a myriad of potential catalysts that can trigger systemic moves that reach much further than their immediate influence would suggest. Speculative appetite itself always sits at the top of the list, but complacency has held fast with the S&P 500 leading equity indexes to noteworthy resistance under limited conviction. The extremes in monetary policy and its fading influence against a crucial role of founding current standings will turn speculation back on the Fed, ECB and BoJ. The chances of the FOMC hiking in the near future will heat up in advance of the April 27 rate decision which contrasts to the ECB's meeting which will carry the stigma of a spent effort. Then there is the anxiety surrounding the BoJ and its overt threats of intervention. Another key theme is oil, whose rebound this past two months may be made or broken by key producers' meeting this weekend. We discuss these themes along with the risks and trade opportunities they may present 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.