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
Oil - US Crude
Wall Street
More View more
Real Time News
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/Ivf0i9c1UX
  • New Zealand Dollar may fall as the NZD/JPY and NZD/CAD exchange rates struggle to breach pivotal resistance. Get your $NZD market update from @DanielGMoss here:https://t.co/9QophdOC6X https://t.co/Q3kA0W0Tmu
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.49%, while traders in US 500 are at opposite extremes with 76.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/xT6YN1udNa
  • RT @IFM_Economist: For those saying the #RBA should cut the cash rate 25bp to 0% today, the effective cash rate is already at 0.13% to doin…
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.13% Gold: -0.03% Oil - US Crude: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/kUxV5Rnply
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.25% 🇨🇦CAD: 0.17% 🇬🇧GBP: 0.16% 🇳🇿NZD: 0.09% 🇨🇭CHF: 0.06% 🇯🇵JPY: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SaZz1bK4d0
  • 🇪🇸 Unemployment Change (JUL) Actual: -89.8K Previous: 5.1K https://www.dailyfx.com/economic-calendar#2020-08-04
  • #Gold and silver prices may turn lower based on bearish signals from IG Client Sentiment. Technical signals also warn the XAG/USD may fall, will XAU/USD meet the same fate? Find out from @ddubrovskyFX here:https://t.co/zzO5TdogF4 https://t.co/nUTpwNO3xD
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: France 40: 0.45% Germany 30: 0.45% Wall Street: 0.33% US 500: 0.22% FTSE 100: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/FsTXvFVtdO
  • Heads Up:🇪🇸 Unemployment Change (JUL) due at 07:00 GMT (15min) Previous: 5.1K https://www.dailyfx.com/economic-calendar#2020-08-04
USD/JPY Climb Resumes on US-China Trade Deal Bets, GBP/USD Sinks

USD/JPY Climb Resumes on US-China Trade Deal Bets, GBP/USD Sinks

2019-11-27 00:00:00
Daniel Dubrovsky, Analyst

Asia Pacific Market Open Talking Points

  • Japanese Yen sinks as markets continued speculating on a US-China trade deal
  • British Pound depreciated vs USD as Conservative’s lead in polling narrowed
  • Donald Trump’s holding up of an agreement may sap potential in APAC trade

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

Japanese Yen and British Pound Underperform

The anti-risk Japanese Yen and Swiss Franc were on the defensive Tuesday as the primary focus for markets continued being speculation of a US-China trade deal. Overnight, reports crossed the wires that both nations had a conversation over a phone call, agreeing to continue “phase one” talks. During the Wall Street session, US President Donald Trump added that a deal is in the “final thrones” and that “it’s going very well”.

This helped push the S&P 500 (+0.22%) and Dow Jones (+0.20%) to record highs, though at a slower pace than Monday’s session. It remains to be seen if the two countries could sign an agreement by the December 15 tariff deadline. Markets welcomed weekend news that China would take steps to penalize intellectual property rights violations. The country also wants to see the US begin rolling back already-imposed levies.

The focus on trade deal resolution meant that for now, a fourth consecutive drawdown in US consumer confidence was brushed aside. The US Dollar traded mixed, outperforming against the Yen and British Pound. Sterling remains glued to updates on UK General Election polling. The Conservative Party’s lead over Labour cautiously narrowed. A majority for the former is key to pass PM Boris Johnson’s Brexit deal.

Wednesday’s Asia Pacific Trading Session

Heading into Wednesday’s Asia Pacific trading session, some of the optimism from Wall Street’s session could be mute. Late in the day, Trump noted that he is holding up a deal with China as it has to be good. He stressed that he wants a deal where the US does “much better” in order to “catch up”. This could keep the anti-risk Yen neutral.

Japanese Yen Technical Analysis

On a daily chart, the USD/JPY trend remains intact, guided higher by rising support from the end of August – redlines on the chart below. Prices have started seeing upside momentum being revived, but will this be enough to clear through resistance? USD/JPY needs to take out the key range between 109.31 and 109.49 to resume the dominant uptrend. That would pave the way for a revisit of May highs.

This is in-line with bullish signals pointed out by IG Client Sentiment. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias. Join me later today at 1:00 GMT as I uncover what else trader positioning is having to say about the outlook for financial markets!

Chart of the Day – USD/JPY

USD/JPY Climb Resumes on US-China Trade Deal Bets, GBP/USD Sinks

Chart Created Using TradingView

FX Trading Resources

--- Written by Daniel Dubrovsky, Currency Analyst for DailyFX.com

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.


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.