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
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
Oil - US Crude
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
Wall Street
Bullish
Gold
Bearish
GBP/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
USD/JPY
Mixed
More View more
Real Time News
  • #Gold recently crossed 2000 for the first time ever, having only one down day since July 16. While the run is looking quite extended, shorting doesn’t hold a lot of appeal given the risks. Get your $XAUUSD market update from @nickcawley1 here: https://t.co/mdIIOoaVlt https://t.co/zbAUMJs2to
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.15% Germany 30: 0.04% France 40: 0.03% US 500: -0.22% Wall Street: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sVdaYog98o
  • RT @FxWestwater: $USDCNH: U.S. Sanctions Hong Kong Officials, Chinese #Yuan Sinks - via @DailyFX https://www.dailyfx.com/forex/market_alert/2020/08/07/USDCNH-U.S.-Sanctions-Hong-Kong-Officials-Chinese-Yuan-Sinks.html
  • Senator Schumer says meeting planned for this afternoon with White House - BBG
  • RT @IGTV: Looking ahead to next week, @JMcQueenFX looks at $NZDCAD and $NZDJPY ahead of next week’s rate decision from the Reserve Bank of…
  • Canadian #Dollar Outlook: $USDCAD Responds to Major Trend Support - https://t.co/4fMIS32WYJ https://t.co/qbC1xYLo6W
  • GBP/USD is close to recovering all of the COVID-19 sell-off seen in March and will need new drivers to push further higher. Get your $GBPUSD market update from @nickcawley1 here: https://t.co/ZTGGMm0vYx https://t.co/RkdBbIUUXT
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.31% 🇨🇭CHF: -0.46% 🇨🇦CAD: -0.54% 🇪🇺EUR: -0.79% 🇦🇺AUD: -0.84% 🇳🇿NZD: -1.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/e0bdKqxsfz
  • Secretary Pompeo says actions on Hong Kong send clear message - BBG
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.52% France 40: 0.08% FTSE 100: 0.06% US 500: -0.05% Wall Street: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fho9Xdiw4A
Video: Strong NFPs Lift Dollar and Equities, But For How Long?

Video: Strong NFPs Lift Dollar and Equities, But For How Long?

2016-08-06 00:51:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

  • July NFPs beat the consensus forecast by a hefty 75,000 jobs which in turn lifted Dollar and equities
  • The increasingly tepid conviction backing risk trends is growing more perceptible the higher markets reach
  • Key fundamental themes will hang over the market ahead with event risk promising less scope

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

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

The July US employment report capped a strong week for risk appetite. Following accommodative monetary policy moves by the Bank of Japan, Bank of England and Reserve Bank of Australia; the 255,000 net payrolls figure offered a sense of tangible economic improvement that was lacking in the stimulus swell. Yet, the mix of growth and returns has not fundamentally rebalanced to - much less exceeded - inflated asset prices. These markets are still bedeviled by the concern that prices are high, returns are low and participation is thin with an unhealthy dependency on the short-term trader rather than the committed value investor. This cynicism supports a tactical and short-term trading approach.

Over the months and years it has become abundantly clear that stretched markets do not have to rebalance to fundamental equilibrium as soon as the disparity is recognized. Yet, with benchmarks like the S&P 500 floundering at record highs and Yen crosses generating little lift despite direct leverage; opportunity and momentum are redistributed. If cross-asset sentiment holds up and volatility down moving forward, Yen crosses present more appealing options than the highest flying outlets such as the US equity indexes already at their extremes. If sentiment finally rolls over, the subsequent opportunities would be numerous and remarkable but the demand for confirmation of such a profound change in bearing should be set high.

With the flush of strong US data and fresh stimulus injections wearing off through the coming week, the data we are left with is of a more focused type. The RBNZ rate decision and RBA Governor Steven's speech can spur the Kiwi and Aussie Dollars respectively. However, these events - and the emerging market central bank decisions - lack the scope to materially alter global views. For data, sentiment and economic surveys replace data such as NFPs and first reading G-7 GDP figures. Volatility from event risk will therefore be less contagious and full-scale sentiment changes will depend more on the fickle animal spirits. We discuss the current extremes of the markets, the change in landscape ahead and the opportunities on tap in this weekend Trading Video.

Please add a description for the image.

To receive John’s analysis directly via email, please SIGN UPHERE

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

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.