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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
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
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • Join @ddubrovskyFX 's #webinar at 8:00 PM ET/12:00 AM GMT to find out what information you can gain from knowing what other traders are buying or selling. Register here: https://t.co/Bb3CTCTm44 https://t.co/AyCMqK52oa
  • BoC's Poloz: Negative rates needed only in extreme conditions, extreme conditions may happen if fiscal policy not used -BBG $USDCAD
  • S&P500: Still, risks to the rally remain so traders will have to discern whether this is an honest breakout or a mere head-fake higher. Get your #equities market update from @PeterHanksFX here:https://t.co/zDlsun6VIF https://t.co/IQ1ITcVj7I
  • Very interesting to see the 'pro-risk' Australian Dollar diverge with the #SP500 during Tuesday's Wall Street session. #USD struggled to capitalize on its 'safe-haven' appeal as stocks retreated. Gentle reminder that asset relationships and traits are not always absolute $AUDUSD https://t.co/bs8uXo6q6S
  • $EURUSD Daily Pivot Points: S3: 1.0809 S2: 1.0858 S1: 1.0881 R1: 1.093 R2: 1.0957 R3: 1.1007 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • The Hang Seng suffered its worst day since 2015 on Friday on China anti-sedition proposal. Get your market update from @FxWestwater here:https://t.co/CMQ1UTewiF https://t.co/FSeumhbZn3
  • Trump says he will announce action on China before the week is over - BBG
  • Alright, so a breakout higher then in my #WallStreet index despite negative RSI divergence. This may have opened the door to revisiting peaks in average US stock prices from early March. Rising support from mid-May seems to be guiding the index higher (pink line) https://t.co/2dbegpLr7v
  • BOC's Poloz: - Policy from fiscal and monetary side set base for economic recovery - Uncertainty around virus remains -BBG
  • 🇰🇷 Business Confidence Actual: 49 Previous: 52 https://www.dailyfx.com/economic-calendar#2020-05-26
Video: Bullard Buys Dollar Another Day, SPX Starts to Fade

Video: Bullard Buys Dollar Another Day, SPX Starts to Fade

2016-03-24 01:44:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

  • The Dollar's run stretched to four days Wednesday with remarks from Fed member Bullard reviving rate speculation
  • Stretched risk trends started to slip this past session with the S&P 500 pressuring its suspiciously familiar channel
  • Whether the next leg offers a run up or slide from risk, the liquidity limitations should be factored in

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

A holiday liquidity drain is coming up quickly, but the drain is impending just as the stretched risk rally starts to wobble and on the back of a four-day Dollar rally. If it weren't for the curb on activity ahead, the technicals and fundamentals would look well-positioned for projecting sizable moves. However, market conditions can trump all; and in this case, they are likely to do so. That said, trade setups should be selected for their sensitivity to these key themes as well as their ability to play out quickly - or for situations where it is a signal for a longer duration trade that where the temporary dip in market depth will matter little. With risk teetering, I like AUDJPY and CADJPY; but there are other options on the list. If there is a further upswing, my view goes to the more exotic. Meanwhile, the other - less motivating - fundamental developments may better shape opportunity for after the weekend. We look at market conditions and their opportunities 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

News & Analysis at your fingertips.