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
Real Time News
  • 🇰🇷 Consumer Confidence (JUL) Actual: 103.2 Previous: 110.3 https://www.dailyfx.com/economic-calendar#2021-07-27
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.53% 🇬🇧GBP: 0.44% 🇨🇭CHF: 0.13% 🇦🇺AUD: -0.32% 🇨🇦CAD: -0.46% 🇳🇿NZD: -0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/foLJDv5tkA
  • US API Stock Changes Crude -4.728M Cushing -0.126M Gasoline -6.226M Distillate -1.882M #OOTT $CL_F
  • RT @Nadex: The Macro Setup is back! Tune in as @GuyAdami, @RiskReversal, and special guest @CVecchioFX discuss: -Stocks lower ahead of big…
  • Heads Up:🇰🇷 Consumer Confidence (JUL) due at 21:00 GMT (15min) Previous: 110.3 https://www.dailyfx.com/economic-calendar#2021-07-27
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.32% Gold: 0.11% Silver: -1.89% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DKG9ZdR1SB
  • Apple Q3 Earnings Summary: Revenues: $81.43 B vs. $73.30 B est. EPS: $1.30 vs. $1.01 est. $AAPL
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.03%, while traders in Wall Street are at opposite extremes with 70.86%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BH99T78609
  • Google Q2 Earnings Summary: Revenues: $61.88 B vs. $56.23 B est. EPS: $27.26 vs. $19.35 est. $GOOG $GOOGL
  • USD/MXN trades cautiously but the Federal Reserve decision on Wednesday could spark volatility. Get your $USDMXN market update from @DColmanFX here:https://t.co/mpbPDzKJGE https://t.co/ZQ7gKz9TN8
Forex: Yen Cross, S&P 500 Tumble Set Off Market Collapse Fears

Forex: Yen Cross, S&P 500 Tumble Set Off Market Collapse Fears

John Kicklighter, Chief Strategist

Talking Points:

• Risk-sensitive benchmarks tumbled to open the week leading traders to fear of a bigger sentiment shift

• The S&P 500 collapsed 2.3% and GBPJPY led yen crosses with a 1.8% drop - the biggest dives in 7 months

• Another round of critical support levels stand just below the week's lows

What kind of Trading best suits you? Technical or Fundamental? Short-term or Long-term? Take our Trader Survey and find out.

The trading week opened to heavy selling in equities, high yield and yen crosses. A move of this breadth and severity gives the impression that a bigger risk aversion event may be at hand. And yet, sharp declines over the past few years have almost exclusively represented points of exhaustion to short-lived corrections. So are we looking at another pullback that bulls will soon draw opportunistic bulls back in on the bid or is the scope of this sentiment-related move indicative of a more permanent reversal in confidence and a years-long bull wave? We look at the fundamental and technical developments behind risk trends in today's Trading 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