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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.50% 🇦🇺AUD: 0.26% 🇬🇧GBP: 0.16% 🇨🇭CHF: 0.11% 🇪🇺EUR: 0.10% 🇨🇦CAD: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hQBjkAnaA1
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.35% Germany 30: 0.04% US 500: 0.00% FTSE 100: -0.06% Wall Street: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/VrybX61UEU
  • British Pound Price Outlook: GBP/USD, GBP/JPY Poised to Extend Climb - https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2021/04/14/British-Pound-Price-Outlook-GBPUSD-GBPJPY-Poised-to-Extend-Climb.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $GBP $GBPUSD $GBPJPY https://t.co/rDOIqMJQfk
  • The US Dollar may extend gains against the Thai Baht. But, its price action within USD/SGD, USD/PHP and USD/IDR seem to be favoring more range-bound trading conditions. Get your market update from @ddubrovskyFX here:https://t.co/DYCLXAFcCr https://t.co/q3hRzYvE7n
  • Despite the rise in US inflation via CPI, the Dollar extended its slide. I'm dubious of the momentum there and the risk on response, but $USDJPY is well positioned for either outcome. Ahead, we have earnings, bank governors and the Senate discussing China https://www.dailyfx.com/forex/video/daily_news_report/2021/04/14/USDJPY-Reversal-Can-Follow-Risk-and-Yield-Scenarios-Earnings-Next-SPX-Spark.html https://t.co/2esFQsVuvx
  • To be fair, crypto is broadly rising (Bitcoin, Etherium, Litecoin, etc), but Dogecoin is pacing the masses. Perhaps Cuban has finally taken the market influence title from Musk https://t.co/nfjApyXNTT
  • RT @mcuban: FYI, the Mavs sales in @dogecoin have increased 550pct over the past month. We have now sold more than 122k Doge in merchandis…
  • RT @FxWestwater: New Zealand Dollar Forecast: $NZDUSD Unscathed as #RBNZ Holds Course Link: https://www.dailyfx.com/forex/market_alert/2021/04/14/New-Zealand-Dollar-Forecast-NZDUSD-Unscathed-as-RBNZ-Holds-Course.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/5Qh0nRIKDa
  • The Euro has regained lost ground against its major counterparts recently. Are further gains in the offing or is this just a short-term countertrend correction? EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD key levels. Get your market update from @DanielGMoss here:https://t.co/BK1ezTva9R https://t.co/JcrxdRvyaX
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.64% Silver: 0.31% Gold: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VrRa1mL8ge
Forex Analysis: Yen Rebound to Continue as Risk Appetite Crumbles

Forex Analysis: Yen Rebound to Continue as Risk Appetite Crumbles

Ilya Spivak, Head Strategist, APAC

The Japanese Yen appears poised to continue to recover amid a return to risk aversion as markets continue to digest last week’s breakneck volatility.

Talking Points

  • Japanese Yen Outperforms, Comm Dollars Sink as Risk Aversion Continues
  • S&P 500 Stock Index Futures Hint Sentiment Likely to Remain Under Pressure

The Japanese Yen advanced in overnight trade as Asian stocks declined, driving demand for safety-linked currencies, whilethe Australian, Canadian and New Zealand Dollar underperformed. The MSCI Asia Pacific equity index fell 0.8 percent. As we discussed yesterday, the onset of risk aversion appears to reflect corrective profit-taking as investors digest last week’s volatility.

S&P 500 stock index futures are pointing lower ahead of the opening bell in Europe, pointing to continued risk-off trade in the hours ahead. The economic calendar is relatively quiet. Eurozone Retail Sales are expected to post a narrow increase, the Unemployment Rate is seen hitting a record high of 11.8 percent, and German Factory Orders are forecast to drop 1.4 percent.

Asia Session: What Happened

GMT

CCY

EVENT

ACT

EXP

PREV

22:30

AUD

AiG Performance of Construction Index (DEC)

38.8

-

37.0

0:01

GBP

BRC Sales Like-For-Like (YoY) (DEC)

0.3%

0.5%

0.4%

0:30

AUD

Trade Balance (A$) (NOV)

-2637M

-2300M

-2443M (R-)

5:30

AUD

Foreign Reserves (A$) (DEC)

47.3B

-

46.2B

Euro Session: What to Expect

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

6:45

CHF

Unemployment Rate (DEC)

3.3% (A)

3.1%

Medium

6:45

CHF

Unemployment Rate s.a. (DEC)

3.0% (A)

3.0%

Medium

7:00

EUR

German Trade Balance (€) (NOV)

17.0B (A)

15.7B

Medium

7:00

EUR

German Imports s.a. (MoM) (NOV)

-3.7% (A)

2.9%

Low

7:00

EUR

German Exports s.a. (MoM) (NOV)

-3.4% (A)

0.2%

Low

7:00

EUR

German Current Account (€) (NOV)

15.3B (A)

13.2B

Low

7:45

EUR

French Trade Balance (€) (NOV)

-4334M (A)

-4710M

Low

9:00

EUR

Italian Unemployment Rate s.a. (NOV P)

11.1% (A)

11.1%

Low

10:00

EUR

Euro-zone Retail Sales (MoM) (NOV)

0.3%

-1.2%

Medium

10:00

EUR

Euro-zone Retail Sales (YoY) (NOV)

-2.1%

-3.6%

Medium

10:00

EUR

Euro-zone Unemployment Rate (NOV)

11.8%

11.7%

Medium

10:00

EUR

Euro-zone Industrial Confidence (DEC)

-14.5

-15.1

Low

10:00

EUR

Euro-zone Services Confidence (DEC)

-11.5

-11.9

Low

10:00

EUR

Euro-zone Consumer Confidence (DEC F)

-26.6

-26.6

Medium

10:00

EUR

Euro-zone Business Climate Indicator (DEC)

-1.09

-1.19

Low

10:00

EUR

Euro-zone Economic Confidence (DEC)

86.3

85.7

Low

11:00

EUR

German Factory Orders s.a. (MoM) (NOV)

-1.4%

3.9%

Medium

11:00

EUR

German Factory Orders n.s.a. (YoY) (NOV)

-0.4%

-2.4%

Medium

Critical Levels

CCY

SUPPORT

RESISTANCE

EURUSD

1.3049

1.3152

GBPUSD

1.6052

1.6149

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

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

DISCLOSURES