Skip to content
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
More View more
Video: Don’t Set Up for the Dollar, Euro and Equity Breaks Just Yet

Video: Don’t Set Up for the Dollar, Euro and Equity Breaks Just Yet

John Kicklighter, Chief Strategist

Talking Points:

Breakout and trend trades should be placed when market conditions support volatility and momentum

• Post-NFPs and pre-Greek Referendum, a liquidity drain through Friday makes clean breaks highly unlikely

• Dollar pairs, Euro crosses and global equities all look well positioned for big moves; but not yet

Find out what scheduled event risk can threaten your trades or trigger volatility with the DailyFX Economic Calendar.

Patience is indeed a virtue, but for the trader it is more practical as it keeps us from placing trades that don't make the grade. There are great technical patterns developing for Dollar-based majors (EURUSD, USDJPY, AUDUSD), Euro crosses (EURGBP, EURCAD) and global equities; but these high-profile technical setups require motivation to trigger and further develop. And, it is very unlikely that we resolve these major patterns in a session that comes after NFPs, before Greece's referendum on whether to accept creditor proposals and during a US market holiday that will leave a large speculative hole in the trading ranks. Waiting for the market's to fill back out and reload the docket with catalysts or perhaps looking for more reasonable range opportunities is a better approach for the impatient trader. We discuss market opportunities against market conditions in today's Strategy Video.

Sign up for John’s email distribution list, here.

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

DISCLOSURES