Forex News: Risk Trends Collapse as U.S. Inches closer to Fiscal Cliff

RELATED QUOTES

SymbolPriceChange
^USDOLLAR10,446.34-7.34
EURUSD=X1.3841+0.0025
AUDUSD=X0.9358-0.001

THE TAKEAWAY: House Republicans decide not to vote on ‘Plan B’, inching closer to falling off the Fiscal Cliff > Thin markets and quadruple witching helped push risk sensitive assets lower

Risk trends collapsed momentarily as thin market liquidity combined with the announcement that House Republicans decided not to vote on Boehner’s ‘plan B’ tax plan tonight.

Both republicans and Democrats have until the of the year to decide on budget cuts and tax increases before previously negotiated tax hikes and spending cuts kick in and potentially send the US economy over the Fiscal Cliff and into recession.

Volatility in the markets may be extreme this coming U.S. trading session as many financial products are set to expire known an quadruple witching. Traders may opt to re-establish these positions which should accelerate price volatility.

Today’s news and market conditions provided the catalyst for extreme selling pressure on the S&P 500 futures and modest selloff on AUD/USD and EUR/USD currency pairs.

S&P 500 Futures, 1 Minute Chart

Forex_News_Risk_Trends_Collapse_as_U.S._Inches_closer_to_Fiscal_Cliff_body_Picture_1.png, Forex News: Risk Trends Collapse as U.S. Inches closer to Fiscal Cliff

EUR/USD, 1 Minute Chart

Forex_News_Risk_Trends_Collapse_as_U.S._Inches_closer_to_Fiscal_Cliff_body_Picture_4.png, Forex News: Risk Trends Collapse as U.S. Inches closer to Fiscal Cliff

AUD/USD, 1 Minute Chart

Forex_News_Risk_Trends_Collapse_as_U.S._Inches_closer_to_Fiscal_Cliff_body_Picture_7.png, Forex News: Risk Trends Collapse as U.S. Inches closer to Fiscal Cliff

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.25090.000.00%
    USDSGD=X
    1.7313+0.0031+0.18%
    EURSGD=X
    2.1054+0.0041+0.19%
    GBPSGD=X
    81.5572-0.1792-0.22%
    SGDJPY=X
    6.1998+0.001+0.02%
    SGDHKD=X
    2.59170.000.00%
    SGDMYR=X
    9,137.8652-5.1523-0.06%
    SGDIDR=X
    4.97300.000.00%
    SGDCNY=X
    1.1704-0.0016-0.13%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,300.20-3.30-0.25%
    GCM14.CMX
    19.55-0.08-0.43%
    SIK14.CMX
    90.83-1.04-1.14%
    ^XAU
    3.030.00+0.02%
    HGK14.CMX
    104.10+0.34+0.33%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.45-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.116-0.001-0.85%
    B22.SI
    0.485+0.025+5.43%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.20+0.010+0.46%
    JS8.SI
    0.6050.0000.00%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.034+20.48%
    5WD.SI
    0.215+0.015+7.50%
    5UE.SI
    0.485+0.025+5.43%
    5GJ.SI
    0.68+0.035+5.43%
    5DP.SI
    0.18+0.008+4.65%
    5IF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.141-0.012-7.84%
    5HH.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.192-0.008-4.00%
    567.SI
    0.84-0.040-4.55%
    S05.SI