US stock futures turn positive, boost USD/JPY

S&P 500 futures are into positive territory after bouncing from support in the 1600 region. USD/JPY has rebounded to 94.65 in sympathy as the US economy shows some modest strength.

SP futures

The market is so whippy at the moment that it’s difficult to do anything other than chase momentum. The improvement in futures is good news but sentiment is extremely fragile in this market.

Author: Adam Button

Adam Button is the editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes deeply in the value of knowing every tidbit of news. He has a background in journalism and was formerly the head of the markets team at the Canadian Economic Press. He is a graduate of Ryerson University and completed Level 1 of the CFA program. Adam lives in Montreal, follow him on Twitter: @FX_Button.

11 Comments

  1. ADAM
    Be grateful if u can suggest any good websites to see dow jones futures
    Tks

  2. CNBC.com is a good place to see stock futures

  3. Adam
    Thank you.I got a few sites by googling dow jones futures
    Thank you
    Priscilla

  4. what an anaemic rally… like a firework on a wet November evening fffizzzzt. This selling $ strength is becoming too easy. Time to be thinking contrarian.

  5. Adam, I found something stable to trade, but I don’t want to say as if I do, then everyone and their dog named pip, will crowd that market out too. If you have to trade stay far away from 200 pip moves in the market as it is so much easier to get hurt than it is to catch it just right. I love trading flat and boring markets that nobody sees a value in. For me stability is king. No surprises and just keep growing my account. Cheers.

  6. yeep, AUD looks very good, JPY look very bad at this moment.good luck

  7. Colin, USD/CAD is about the only thing I can think of. I’m the same way, I can deal with big moves on fundamentals but when it gets volatile for no reason, I’m out.

  8. No, it is a pair you don’t or haven’t covered in here. I do think the yen crosses will eventually settle back into a daily 40 pip range, but that will not be for at least a few months. Until then, expect this daily volatility to continue. Everyone loves Vegas. “Don’t be afraid to ride the lightning.”

    http://www.youtube.com/watch?v=OJHQ6Cxg6bo

  9. Can we run a competition Colin? “Guess what Reimer’s trading?” :-D

  10. Yes, we can all trade Colin’s and swing the market in his direction with all the billions that we trade here.

  11. Well I know my low risk, low volume pair ;) I’ll let my cat out of the bag. It’s AUD/NZD and it’s one of my favorites.

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