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Should We Expect Trends, Range, Volatility Conditions Next Week?

Should We Expect Trends, Range, Volatility Conditions Next Week?

2015-10-23 21:43:00
John Kicklighter, Chief Currency Strategist
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Talking Points:

• Establishing general market conditions is crucial for choosing the correction strategy for trading the market

• Last week, ideal conditions for range and slow swings switched to volatility and breakouts on event risk

• A crowded calendar of crucial event risk ahead will lead to hesitant volatility and potential major trends

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

Market conditions took a hard right turn this past week, and we should expect the same bipolar nature in the forthcoming period. Combining market activity, the prominence of technical boundaries, known event risk and an appreciation of key fundamental themes; we can establish a general appreciation of what 'type' of market we are heading into. In turn, we can use that information to better filter our trade approach. Sometimes those circumstances change though. This past week, lower volatility, a dearth of high-profile event risk and anchoring on major trends lowered the probability of major breaks and trends. Yet, the combination of ECB QE talk leading into remarkable earnings, a PBoC rate cut and strong data aligned views to mark a strong trend. Looking ahead, we have a loaded economic docket (Fed, GDP, China growth planning and more) and a market already on a limb with volatility. How should this shape our trading approach? We discuss that in this weekend's Strategy Video.

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