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
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
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
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.03% 🇪🇺EUR: -0.07% 🇨🇦CAD: -0.13% 🇬🇧GBP: -0.41% 🇦🇺AUD: -0.49% 🇳🇿NZD: -0.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ChEmo0URYP
  • Heads Up:🇨🇦 New Housing Price Index YoY (MAY) due at 12:30 GMT (15min) Previous: 9.9% https://www.dailyfx.com/economic-calendar#2021-06-18
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/v6m2DLdhHa
  • Heads Up:🇮🇳 Monetary Policy Meeting Minutes due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-18
  • Italy PM Draghi states that more stimulus is needed to return to pre-covid - must be vigilant on inflation expectations
  • China's Cabinet will grant subsidy to farmers - state media
  • ECB extends leverage ratio to banks until March 2022
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 84.85%, while traders in France 40 are at opposite extremes with 75.76%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9FBAOSUkA5
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 1.88% Gold: 1.04% Oil - US Crude: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/CTOzYyUZ0r
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.09% 🇪🇺EUR: 0.07% 🇨🇭CHF: -0.10% 🇨🇦CAD: -0.16% 🇬🇧GBP: -0.24% 🇳🇿NZD: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SxtA2i2fRq
Dollar Rally and S&P 500 Slide Revived but Is There Trend Here?

Dollar Rally and S&P 500 Slide Revived but Is There Trend Here?

John Kicklighter, Chief Strategist

Talking Points:

  • Dollar revived its run after Census data shows Fed support but unmoved rate forecasts curb trend potential
  • Another strong tack for the S&P 500 may not solidify trend, but it does show a steadfast growth in volatility
  • Will higher-risk Brexit data and sliding supply-demand statistics charge the Pound and Oil Prices next?\

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

The market's two most impressive moves of late - the tumble from US equities and climb for the US Dollar - have been quickly resuscitated. However, as frequent as the volatility bouts and promising as the rising conviction may be, there is reason to question the drive behind these critical financial developments. For the Dollar, the upswing is stilling with broad ranges for indexes and the most liquid pairings. More importantly, the motivation for this climb seems tied to rate speculation. The US Census Bureau's annual update offered another injection of fuel into the piston by showing a strong reading for wage growth. Yet, beyond this update, we remain in the 'blackout' period before the FOMC's September 21st (next Wednesday) rate decision. It is tough to ground conviction of a hike against such contentious odds.

For equities and the risk trends that they represent, it is easier to gain traction. Not owing to an abundance of fundamental catalysts that can finally get the engine on speculative deleveraging turning over. Rather, sentiment itself is the most capable motivator for gaining a speculative head of steam. The breadth of the risk unwind has yet to truly stretch and momentum is so far unproven given the hurdle keeping risk trends from reversing course. That said, there is some consistency in the volatility behind the markets.

With a Dollar run that risks running out of fundamental fuel and risk trends attempting yet another return to life, certain major pairs should draw attention. If risk trends were to run, USD/JPY would be well positioned; but the maintenance of conviction breaks would boster the probabities of AUD/USD and USD/CAD near their respective range boundaries. If general market conditions continue to be held in check; there are a number of remarkable technical opportunities across the Aussie, Canadian and Kiwi Dollar crosses. For scheduled event risk, the upcoming session will prime another effort to jump start Brexit speculation via UK jobless claims, though follow through will depend heavily on the concern for the BoE decision and EU summit. Elsewhere, oil is suddenly awash in supply and demand statistics that undermine the commodity's speculative rise; but so far the flood gates have held out. We look at the early volatility, nascent trends and trade scenarios 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