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
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
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here:
  • Recent price action in the US Dollar Index (DXY) casts a bearish outlook for the Greenback as it extends the series of lower highs and lows from earlier this week. Get your weekly USD technical forecast from @DavidJSong here:
  • USD/MXN drops back into its recent range as investors await further guidance from economic data. Get your weekly Mexican Peso forecast from @HathornSabin here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Australian Dollar plunged for a fifth week but held key downtrend support at the yearly lows. Get your weekly AUD technical forecast from @MBForex here:
  • 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:
  • Last week’s march higher in EUR/USD may well extend further after Friday’s Eurozone economic statistics that will likely turn the ECB more hawkish on monetary policy. Get your weekly Euro forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI 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:
Yen, Euro and Pound Rose, AUD/USD May Fall as February Starts

Yen, Euro and Pound Rose, AUD/USD May Fall as February Starts

Daniel Dubrovsky, Strategist

Japanese Yen, British Pound, Euro, S&P 500, Coronavirus – Asia Pacific Market Open

Japanese Yen, Euro and British Pound Gain Against the US Dollar as Stocks Sink

The Japanese Yen, British Pound and Euro were some of the best-performing major currencies on Friday. Fears of the coronavirus continued to spread into financial markets as the S&P 500 and Dow Jones erased their gains in January. The U.S. Centers for Disease Control and Prevention (CDC) called the Wuhan virus an unprecedented public health threat as the White House stepped up efforts to help quarantine the outbreak.

Concerns over the health of the global economy fueled expectations of easing from the United States. Fed funds futures are now fully baking in two 25-bp rate cuts by the end of the year. Falling front-end government bond yields also caused a closely-watched segment of the yield curve to invert, rekindling concerns about a recession for the first time since October.

With benchmark lending rates in the UK and EU so low, eroding prospects of the Greenback’s yield advantage likely sent it tumbling as EUR/USD and GBP/USD rose. However, if risk aversion in markets accelerates, the highly-liquid Dollar may soon recover its ground. The highest reading in the University of Michigan sentiment in 8 months did little to calm investors’ flight to safety

Monday’s Asia Pacific Trading Session – Japanese Yen, Australian Dollar, Chinese Stocks

Chinese stock markets are expected to come online this week from the Lunar New Year, boosting lower-than-usual levels of liquidity. Expect downside gaps in the Shanghai Composite as regional bourses may follow the pessimistic lead on Wall Street. That may offer further support to the anti-risk Japanese Yen should the Nikkei 225 aim to the downside.

The “pro-risk” Australian Dollar may succumb to selling pressure alongside the similarly-behaving New Zealand Dollar. AUD/USD will also be closely watching Caixin China manufacturing PMI due to Australia’s close trading relationship with the world’s second-largest economy. Despite the coronavirus, Chinese economic news flow is tending to outperform relative to expectations on the whole as of late.

Japanese Yen Technical Analysis

My majors-based Japanese Yen index has yet to clear highs achieved from the beginning of January. Taking this psychological barrier out would further confirm the break above falling resistance from August. That may spell medium-term strength to come for JPY on average against some of its major counterparts.

USD/JPY Daily Chart

Yen, Euro and Pound Rose, AUD/USD May Fall as February Starts

Chart Created Using TradingView

--- Written by Daniel Dubrovsky, 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.