News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
More View more
Real Time News
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
S&P 500 Falls, Leaves Reversal Warning. Japanese Yen May Gain

S&P 500 Falls, Leaves Reversal Warning. Japanese Yen May Gain

Daniel Dubrovsky, Strategist

Asia Pacific Market Open Talking Points

  • Sentiment collapsed on Friday on dismal European economic data
  • S&P 500 clawed back last week’s gains, leaving reversal warnings
  • Asia Pacific stocks at risk, Japanese Yen may rise as Aussie weakens

Find out what the #1 mistake that traders make is and how you can fix it!

Key FX Developments Friday

The British Pound was one of the best-performing majors on Friday, outperforming as UK Prime Minister Theresa May bought more time for the Brexit deadline in the event her divorce deal does not pass in parliament this week. Sterling also had a slew of dismal European PMI to thank, which weakened the Euro. Keep in mind that these followed a more dovish ECB, adding to concerns about economic weakness.

Risk trends took a turn for the worst, with the S&P 500 dropping almost 2%, wiping out all cautious upside progress that led into Friday. In fact, the spread between US 3-month and 10-year government bond yields, a closely-watched section for recession signals, turned negative for the first time since 2007. Unsurprisingly, the anti-risk Japanese Yen largely outperformed against its major counterparts. The US Dollar also rose.

S&P 500 Technical Analysis

Using futures to show after-hours trade, the S&P 500 had its worst day this year so far as prices formed a bearish engulfing at the recent top. Negative RSI divergence accompanied the indexes’ push above key resistance at 2824, showing fading upside momentum. This may precede a turn lower towards support at 2726, especially given confirmation of another close to the downside.

S&P 500 Daily Chart

S&P 500 Falls, Leaves Reversal Warning. Japanese Yen May Gain

Chart Created in TradingView

Monday’s Asia Pacific Trading Session

As the new week begins, the Asia Pacific economic docket is relatively light. This places the focus on risk trends. As such, we may see regional bourses follow Wall Street lower. Nikkei 225 futures closed at their lowest since March 8th on Friday. This may send the pro-risk Australian and New Zealand Dollars lower as the Japanese Yen may extend its advance from Friday.

US Trading Session Economic Events

S&P 500 Falls, Leaves Reversal Warning. Japanese Yen May Gain

Asia Pacific Trading Session Economic Events

S&P 500 Falls, Leaves Reversal Warning. Japanese Yen May Gain

** All times listed in GMT. See the full economic calendar here

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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