Trading Video: Dollar and Equities Extend Gains, Still Lack Momentum

By DailyFx | Updated August 25, 2014 AAA

DailyFX.com -

Talking Points:

• Equities gains globally Monday and the S&P 500 hit the closely watched 2,000-mark intraday

• Extending a two-month trend, USD gapped on the open with particularly lurid EURUSD and USDJPY moves

• Progress is still being made without the structure we normally expect in solid and lasting 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.

A gap on the open for the USDollar and the S&P 500's tag of 2,000 made for good headlines to start the week, but it does little to reassure fortify conviction in a sustained trend. For speculative appetites, the low-hanging fruit in risk premium has been harvested leaving equities and yen crosses once again face trends that are coming up short on fresh blood. From USDJPY, the recent performance is especially circumspect as as the dollar's own run lacks for a fundamental draft in interest rate expectations. What do we do when trends face serious doubt and headwind yet keep progressing? We discuss that in today's Trading Video.

Sign up for John’s email distribution list, here.

comments powered by Disqus
Related Forex Analysis
  1. USD/JPY wobbling around 109.00
    Forex News

    USD/JPY wobbling around 109.00

  2. EUR/USD climbs back above 1.2600
    Forex News

    EUR/USD climbs back above 1.2600

  3. GBP/USD falls to 1.5950 and bounces up daily highs
    Forex News

    GBP/USD falls to 1.5950 and bounces up daily highs

  4. Dollar Charges to Multi Week Highs on Strong US GDP Data
    Forex News

    Dollar Charges to Multi Week Highs on Strong US GDP Data

  5. GBP/USD down to 1.5950 amid upbeat US GDP
    Forex News

    GBP/USD down to 1.5950 amid upbeat US GDP

Trading Center