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Risk Bearings Hold Despite Volatility, Oil and Greece Headlines

Risk Bearings Hold Despite Volatility, Oil and Greece Headlines

2016-04-19 02:31:00
John Kicklighter, Chief Strategist
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Talking Points:

  • Oil dominated the headlines to start the week after negotiations over supply caps fell apart
  • Market gaps and intraday reversals were the headlines for Monday's session including crude, USDCAD and global s
  • Volatility gives a dubious bolster to risk trends and other developments like Greece negotiations papered over

See the DailyFX Analysts' 2Q forecasts for the Dollar, Euro, Pound, Equities and Gold as well as our favorite 2016 trading opportunities in the DailyFX Trading Guides page.

Extreme volatility is like a car crash. Virtuous market participants claim to avoid and detest it; but in actually they greedily seek it out. The gaps in energy prices, equities, commodity currencies and other assets that followed this past weekend's failure to secure a supply cap on crude among key OPEC and non-OPEC members drew the crowds in. The subsequently reversal through the session spurred many more to action. The uncertainty this represents should give pause, but the market's speculative appetite is showing through. In the meantime, other developments were overlooked or de-emphasized. The further shortfall on Greek bailout talks elicited little reaction from the Euro. The new highs in risk assets weren't questioned even though much of the gains were found as a side effect of oil prices' volatility. Ahead, we will revisit sentiment trends and monetary policy; but is it better to find opportunities outside the lurid draw of these heavy speculation items? We talk trades and themes in today's Trading Video.

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