(MENAFN- DailyFX) Talking Points:
As dramatic as the S & P 500's tumble was Tuesday, the technical and statistical retreat has yet to spur a meltdown Whether risk accelerates or levels out, there are appealing scenarios among AUD/USD, USD/MXN, USD/JPY and more Between a sentiment connection and Yellen on deck Thursday, the Dollar and EUR/USD are poised at key levels See what live coverage is scheduled to cover key event risk for the FX and capital markets on the DailyFX Webinar Calendar.
Fear was in the air following the S & P 500's blaring technical break Tuesday which readily spilled over to other 'risk' sensitive assets. However, the jolt that abrupt and wide reach decline delivered didn't set the markets ablaze...at least not yet. Following the post-election trendline break, the equity index notably steadied through Wednesday trade. Had this drop been attached to a particular catalyst (really any item that investors could affix their panic to), it may have more readily turned into an extensive bear trend. Instead, the shift in speculative exposure sans high-profile spark leaves the hesitation that has been hallmark of the environment of complacency these past months and years. The same uncertainty shows in the likes of global shares, emerging markets, carry and other related market areas.
and momentum. We discuss this and more 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.
MENAFN2303201700760000ID1095336904
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.