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
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
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
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Pelosi adds that USMCA must be 'more than NAFTA with sugar on top'
  • US House Speaker Nancy Pelosi says that congress is making progress on the #USMCA trade deal $USDCAD $USDMXN
  • Going live in 5 for today's webinar on @IG_US client sentiment Taking a look at $EURUSD today and $USDCAD Join here - https://www.dailyfx.com/webinars/586549347 https://t.co/eaOLnamQGt
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.21% 🇯🇵JPY: 0.03% 🇬🇧GBP: 0.01% 🇨🇭CHF: -0.10% 🇳🇿NZD: -0.10% 🇦🇺AUD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HB5Rbvy73F
  • Fed's Kashkari: We need to get to fair trade with China, the trick is how
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.23% Wall Street: -0.28% US 500: -0.30% France 40: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/OBd87XSIN2
  • Fed's Mester: -Worth considering standing repo facility $USD $DXY $TNX $XAU
  • Fed's Mester: -Fed is in 'really good spot' following 3 rate cuts -Sees no sign of weakness spreading to wider economy -Sees risks tilted to the downside amid weak business investment -Sees US GDP growth around 2% next year
  • "The Hong Kong issue has the potential to influence the process of the trade talks. China will have to respond … if Trump signs it into law," said one person who is familiar with the trade talks. https://t.co/DNPx94mSUE via @scmpnews
  • $GBPUSD is nearing a re-test of the 1.3000 level while $AUDUSD remains perilously close to the .6700 support. Get your technical analysis from @JStanleyFX here:https://t.co/pk8RId0dpk https://t.co/39EgYnCVvy
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 Currency Strategist
Share:

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.

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.