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.

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
More View more
Real Time News
  • #Gold: As fear began to show around the growing #Coronavirus in China, and the potential for it to spread, buyers came back to the bid to push prices higher. Get your $gld technical analysis from @JStanleyFX here: https://t.co/bNDG6xuQoe $XAUUSD https://t.co/jO8fsd3v2v
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 1.58% Gold: 0.70% Oil - US Crude: -2.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3BDIjc9UaY
  • The $SPX is slipping to a new low for the week. Let's see if we make a bid for floor of the past three months' channel https://t.co/57yDnPkoXX
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.18% 🇨🇦CAD: -0.16% 🇨🇭CHF: -0.24% 🇪🇺EUR: -0.28% 🇦🇺AUD: -0.40% 🇬🇧GBP: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/KE5mZDEgDC
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: France 40: -0.02% Germany 30: -0.04% Wall Street: -0.36% US 500: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MPK0S7IVYX
  • US 10-Year yield falls below 1.70% to test December lows https://t.co/l5liuTnY2z
  • RT @HuXijin_GT: Forbidden City announced Thursday to close over fear of coronavirus, followed by other museums nationwide. Beijing cancelle…
  • Canadian #Dollar Price Outlook: $USDCAD Bulls at Risk- #Loonie Weekly Trade Levels - https://t.co/17whXkzrb5 https://t.co/eWodvVeuxS
  • The Kiwi has erased earlier gains driven by the 0.1% beat on 4Q inflation data. $NZDUSD respecting the technical resistance level I outlined yesterday using its overnight implied volatility trading range. https://t.co/gYV0b5OFxK https://t.co/28gm6fpUwL
  • $EURUSD may have finally broken the support that it needed to in order for it to gain some momentum. The trend-line off the October low was broken decisively Get your EUR/USD technical analysis from @PaulRobinsonFX here: https://t.co/nZAHrHZler https://t.co/9so7jK5CB6
Yen May Weaken As European Debt Concerns Fade, Stocks Rally

Yen May Weaken As European Debt Concerns Fade, Stocks Rally

2010-05-12 16:39:00
John Rivera, Currency Analyst
BoJ Interest Rate Expectations
The Bank of Japan on Friday said it would inject more than 20 billion dollars in liquidity to calm markets in response to global turmoil triggered by the Greek debt crisis. The troubles in Europe give policy makers another reason to maintain their accommodative policy despite the easing of deflation concerns. Overnight Index Swaps continue to price in zero bps of tightening over the next year for the BoJ which will cement the Yen’s position as a funding currency and increase its sensitivity to risk sentiment.  Discuss this and trading ideas join the USD/JPY forum.

FOMC Interest Rate Expectations
The prospect for a rate hike in August has risen to 11.6% on the back of improving fundamentals but we have to look past November before we see the odds in favor of tightening. The Fed continues to predict that they will keep rates low for an extended period and the recent issues in Greece should only reinforce their conviction. At the end of last year it appeared to be a certainty that a rate hike would come in 2010, but markets are only giving a 43.2% chance of an increase in November which may make 2011 the safer bet. A strong U.S. retail sales report on Friday could increase the odds in the favor of tightening, as a rise in consumption could put upward pressure on prices and inspire future hiring.

U.S. equity markets continued to find support as concerns that the European crisis will derail the global recovery have faded. Plans for budget cutting in Spain and the U.K. will help stabilize the region but their longer-term impact on domestic growth could become a weighing factor on the global economy. A strong U.S. retail sales report will feed the growing sentiment that the U.S. is the most attractive place to invest which could push the Dow higher and lend USD/JPY support. Discuss this and other fundamental data in the Economics Forum
To discuss this report or be added to the email list contact John Rivera, Currency Analyst: instructor@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.