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
Oil - US Crude
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
  • Here are the top scheduled event risks on my calendar for the coming week. Global PMIs, a few rate decisions, the Fed's bank stress test results, the Fed's favorite inflation indicator and a run of Fed speak among much more:
  • I know it is a cognitive bias, but it seems that every time I take a day off, there are significant market moves. Dow's tumbled into a 5th straight session Friday with 10-day correlation to Nasdaq most extreme negative in 4 years
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST (12:30GMT) on DailyFX!! - lots to discuss on the back of last week's #Fed Fireworks!
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs Check out my recap of last week and preview of upcoming event risk, plus all the latest forecasts from the @DailyFX team below. Link to Analysis - $GLD $DJI $GBPUSD #Trading
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here:
  • (Weekly Technical Outlook) US Dollar Outlook, Key Trend Reversals Playing Out? USD/CAD, AUD/USD, EUR/USD, GBP/USD #USD $USDCAD $AUDUSD $EURUSD $GBPUSD
  • 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:
Aussie and Yen Both Decline On a Mix of Chinese and European PMIs

Aussie and Yen Both Decline On a Mix of Chinese and European PMIs

Benjamin Spier, Technical Strategist

EUROPEAN SESSION UPDATE: ECB sees a decline in loan demand in Q3; Moscovici makes further optimistic statements about the French economy…

While the Euro is the big winner thus far in today’s Forex trading session, following a beat of expectations in the PMI release, the US Dollar remains close behind. The Aussie, Kiwi, and Yen are all trading lower against the Greenback at the time of this writing.

However, it is unclear if the decline of the major Asian and Australasian currencies is due to general strength in the US Dollar. An alternative explanation is that the Kiwi and Aussie are down following the worse than expected Chinese PMI, and USD/JPY may be up on general risk appetite that is currently evident in the European equity markets.

In comments, France Finance Minister Moscovici further said today that France is uncontestably on the recovery path, and the country is seeking a drop in the jobless rate at the end of 2013. Moscovici reiterated an expectations for 0.2% GDP growth in Q2. The optimistic comments were somewhat supported by higher French PMI’s in July.

The PMI releases were the only major events on the economic calendar in the European session. The European Central Bank also released its bank lending survey. The ECB said it sees demand for loans declining in Q3, and the central bank said consumer credit standards are easing for the first time since 2007.

USD/JPY is currently trading right above the key 100.00 line, where it might continue to see support. A monthly high at 101.53, which is also near a 76.4% retracement of the May to June decline, may provide resistance for the pair.

New to Forex? Watch this video

USDJPY Daily: July 24, 2013

Aussie_and_Yen_Both_Decline_On_a_Mix_of_Chinese_and_European_PMIs_body_usdjpy.png, Aussie and Yen Both Decline On a Mix of Chinese and European PMIs

Chart created by Benjamin Spier using Marketscope 2.0

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to .

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