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
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
Mixed
USD/JPY
Bearish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • A lot of Fed speak today...#usd #fed @DailyFX All GMT Fed's Quarles at 10.30 Fed's Clarida at 14.00 Fed's Evans at 14.10 Fed Chair Powell at 15.00 Fed's Daly at 16.45 Fed's Williams at 17.00 Fed's Bullard at 17.20 Fed's Kaplan at 18.00
  • Heads Up:🇬🇧 GBP Retail Sales Ex Auto Fuel (YoY) (OCT) due at 09:30 GMT (15min), Actual: N/A Expected: 3.4% Previous: 3.0% https://www.dailyfx.com/economic-calendar#2019-11-14
  • EU Trade Commissioner Hogan says the key issue in the EU-UK trade talks is standards
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.63%, while traders in France 40 are at opposite extremes with 84.38%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/v6hfPwSeDn
  • What is the best time to trade #forex? Find out: https://t.co/NbM2tJK9cl #tradingstyle https://t.co/AmtstPZEYs
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.73% Gold: 0.34% Silver: 0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EEsApAkMmS
  • Euro Outlook Dour Even as Germany Narrowly Avoids Recession - https://www.dailyfx.com/forex/market_alert/2019/11/14/Euro.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #EURUSD #Germany #GDP
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.19% 🇯🇵JPY: 0.10% 🇪🇺EUR: 0.03% 🇬🇧GBP: -0.13% 🇳🇿NZD: -0.29% 🇦🇺AUD: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0JS1Y5wJNc
  • #Euro Outlook: #EURUSD Decline May Accelerate Ahead of GDP Data https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2019/11/14/Euro-Outlook-EURUSD-Decline-May-Accelerate-Ahead-of-GDP-Data.html
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: -0.03% Wall Street: -0.04% France 40: -0.06% Germany 30: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/eNZVkci3zp
An Update on Risk Trends After the Worst Day for SPX in Six Weeks

An Update on Risk Trends After the Worst Day for SPX in Six Weeks

2016-04-07 23:11:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

  • US equities tumbled sharply Thursday to complete a technical, head-and-shoulders pattern
  • Yen crosses arguably posted the biggest move on the day with NZDJPY suffering the biggest drop since Sept 4
  • Where carry and shares dropped, there was a notable lack of confirmation from other assets and motivator for drive

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

A sharp drop from US equities and dramatic drop from Yen crosses this past session stood out in a week that would have best been defined as range-oriented. Such remarkable moves will no doubt draw traders' attention and generate speculation of follow through. A common source of risk trends would be the most capable outlet for this volatility to spread and evolve into a trend. However, is there reason to suspect a new sentiment (in this case risk aversion) drive to develop? While I am awaiting just such a significant thematic shift sometime in the future, there is reason to believe that it doesn't necessarily start with this past session's fireworks. The consistency of the 'risk' influence was uneven across markets. The ability to generate a head of steam will be limited before the weekend. And, a fundamental momentum is notably lacking. How do I evaluate risk trends and why is it keeping me from confidence in an unfolding move for the S&P 500, NZDJPY and more? That is the topic of today's Strategy 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.