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
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
Oil - US Crude
Bearish
Wall Street
Bullish
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
Gold
Bullish
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
Bearish
More View more
Real Time News
  • Heads Up:🇯🇵 JPY Tankan Small Non-Manufacturing Outlook (1Q) due at 23:50 GMT (15min), Actual: N/A Expected: -15 Previous: 1 https://www.dailyfx.com/economic-calendar#2020-03-31
  • Heads Up:🇯🇵 JPY Tankan Large All Industry Capex (1Q) due at 23:50 GMT (15min), Actual: N/A Expected: 2.5% Previous: 6.8% https://www.dailyfx.com/economic-calendar#2020-03-31
  • Heads Up:🇯🇵 JPY Tankan Large Manufacturers Outlook (1Q) due at 23:50 GMT (15min), Actual: N/A Expected: -15 Previous: 0 https://www.dailyfx.com/economic-calendar#2020-03-31
  • Heads Up:🇯🇵 JPY Tankan Large Non-Manufacturing Index (1Q) due at 23:50 GMT (15min), Actual: N/A Expected: 3 Previous: 20 https://www.dailyfx.com/economic-calendar#2020-03-31
  • Heads Up:🇯🇵 JPY Tankan Large Manufacturing Index (1Q) due at 23:50 GMT (15min), Actual: N/A Expected: -10 Previous: 0 https://www.dailyfx.com/economic-calendar#2020-03-31
  • Heads Up:🇯🇵 JPY Loans & Discounts Corp (YoY) (FEB) due at 23:50 GMT (15min), Actual: N/A Expected: N/A Previous: 2.2% https://www.dailyfx.com/economic-calendar#2020-03-31
  • RT @FirstSquawk: Chinese Officials Are Actively Pushing For Tariffs Cuts And Removal Of Trade Barriers To Help The Global Economy Cushion T…
  • This session starts in about 30 min, today's webinar will revolve around major benchmark stock indexes to see how positioning could impact the road ahead with key technical levels in focus. Signup below! https://t.co/4br2H1Uz6p
  • In this session, Currency Analyst @ddubrovskyFX discusses traders' positioning as a key element of market analysis to determine the prevailing and future price trends. https://www.dailyfx.com/webinars/998956395
  • The $USD may return to the offensive as markets flee to cash amid fears of deep global recession thanks to the still-raging #coronavirus outbreak. Get your US Dollar update from @IlyaSpivak here: https://t.co/g1us4ZbYR5 https://t.co/tLFeaAwRqE
Video: Will Risk Trends Keep Rising with SPX Near its Record?

Video: Will Risk Trends Keep Rising with SPX Near its Record?

2016-06-02 01:59:00
John Kicklighter, Chief Strategist
Share:

Talking Points:

  • While many benchmarks of 'risk appetite' may still be well off their recent record highs, the S&P 500's is at hand
  • A four-month climb in sentiment is starting to struggle as participants assess their conviction
  • Economic forecasts, market yields and participation offer little foot hold for sustained investment

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

While the S&P 500 (and US equities) is somewhat unique amongst the high profile, risk-oriented benchmarks for its proximity to record highs; the sense that sentiment is stretched spans the financial system. The rebound in assets that perform in high growth and high-return-seeking conditions over the past four months was certainly broad and robust. However, it never acquired the full weight of conviction on a fundamantal or even a speculative basis basis.

An improved economic backdrop for higher or more stable returns is undermined by the constant warning of current lackluster growth and further struggle head. The OECD reiterated those sentiments just this past session remarking that its 3 percent global expansion forecast was 'dismal'. For meaningful rates of return to compensate for higher risk, market-based rates have been gutted by the accommodative monetary policies aimed at spurring growth.

From the speculative perspective, the low-hanging fruit of the past weeks and months looks to have been picked. Critical technical boundaries are coming into view, momentum is slowing for the short-term holders and event risk that could offer short-term volatility support is thinning out. The risk influence is still strong with remarkable correlation across assets, but conviction is starting to suggest a big shift. What should we look for and how should we prepare? That is the focus in 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.