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
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
More View more
Real Time News
  • Heads Up:🇯🇵 Housing Starts YoY (JUN) due at 05:00 GMT (15min) Expected: 7.2% Previous: 9.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.51%, while traders in Wall Street are at opposite extremes with 76.17%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/t2pDS9yUBK
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/OG6fzgyFAD
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.03% 🇨🇦CAD: -0.03% 🇪🇺EUR: -0.07% 🇬🇧GBP: -0.09% 🇦🇺AUD: -0.09% 🇳🇿NZD: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DebOdcQabP
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.31% FTSE 100: -0.51% Germany 30: -0.69% US 500: -0.75% France 40: -0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iUg2nPVyUQ
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/3slfUlBMvq
  • The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF. Get your market update from @FxWestwater here:https://t.co/u4GY00QpgC https://t.co/WyAsQcl1Ra
  • 🇸🇬 Unemployment Rate Prel (Q2) Actual: 2.7% Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.25% Gold: 0.03% Oil - US Crude: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bgDO7ntMjQ
  • The Citi Economic Surprise Index tracking the US just turned negative for the first time since June 2020 This means economists are now overestimating the health and vigor of the economy, opening the door to disappointment ahead This does note bode well for NFPs next week...
Dollar and S&P 500 Courses Diverge - A Falter for Greenback or Risk?

Dollar and S&P 500 Courses Diverge - A Falter for Greenback or Risk?

John Kicklighter, Chief Strategist

Talking Points:

  • Another jolt of fear in the financial markets - this time based in US politics - leveled out before turning septic
  • With the Dollar and S&P 500 bearings diverging, the foundation for complacent risk appetite may be falling apart
  • Event risk takes a back seat to themes next week as US President Trump heads to the Middle East, then NATO and G-7 Summits

Want to watch analysis of events as they happen, develop your trading strategy or ask analysts trading questions? See what live events are scheduled for the coming week on the DailyFX Webinar Calendar.

Another shock of volatility has coursed through the markets this past week without leaving us in a lasting dive. The rebound doesn't seem to come with the roaring confidence of a universal return to record or multi-year highs. The S&P 500's recovery following its sharpest single-day gap lower since the height of the financial crisis has yet to see us 'close the window'. In contrast, the more intense risk bearings of the EEM Emerging Market ETF showed an extreme dive lower and equivalent reversal the following day. Churning sentiment seems to magnify the intensity of these assets at the extreme end of the spectrum while the more liquid of the assets measure their moves. Yet, with this, there may be evidence the foundation for complacency is eroding. At the forefront of this disparity is the Dollar's downturn.

This past week, the DXY Dollar Index accelerated its losses into the week's close to measure the largest weekly decline in a year. That seems to contrast to the currency's recent alignment to traditional risk assets. The medium-term correlation between the Dollar and US equity indexes has championed the markets appetite for marginal returns and more heavily for those assets with the prospect of yield into the future. These are markets in which capital gains are the only true vehicle for return as global yields are scouring record lows thanks to extreme easing efforts by global central banks. As the blind search for slight advantage fades, we find the assets that depend on future gains and slight premiums will be among the first to lose their backing. This will be a critical relationship to monitor for a broader understanding of risk trends in the week ahead. Pairs like EUR/USD, GBP/USD and USD/CAD with considerable technical and fundamental will secure their breaks and trends on the support of the greenback.

For drive in the week ahead, the docket has its fair share of highlights including global PMI figures. However the emphasis will have much less to do with schedule event risk and far more to do with the general themes that linger not far from the mass's fears. In particular, the recent flare up for US political uncertainty will carry forward as President Trump makes a trip abroad to critical global meetings. A stop in the Middle East and Italy will look to stabilize tension along religious lines. It will be his participation in the NATO and G7 summits however that carry the true weight for global stability. What should we watch for key Dollar based majors (like EUR/USD), global equity indexes, commodities and Bitcoin going forward? That is our focus in this weekend Trading Video.

Dollar and S&P 500 Courses Diverge - A Falter for Greenback or Risk?Dollar and S&P 500 Courses Diverge - A Falter for Greenback or Risk?

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