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
EUR/USD
Bearish
Low
High
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
Oil - US Crude
Mixed
Low
High
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
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
Low
High
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
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇬🇧 Claimant Count Change (JUL) due at 06:00 GMT (15min) Expected: 10K Previous: -28.1K https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇬🇧 Unemployment Rate (JUN) due at 06:00 GMT (15min) Expected: 4.2% Previous: 3.9% https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇬🇧 Average Earnings incl. Bonus (JUN) due at 06:00 GMT (15min) Expected: -1.1% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇬🇧 Average Earnings excl. Bonus (JUN) due at 06:00 GMT (15min) Expected: -0.1% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇬🇧 Employment Change (MAY) due at 06:00 GMT (15min) Expected: -288K Previous: -126K https://www.dailyfx.com/economic-calendar#2020-08-11
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/Dc4auTcxmT
  • 🇯🇵 Eco Watchers Survey Outlook (JUL) Actual: 36 Expected: 48.2 Previous: 44 https://www.dailyfx.com/economic-calendar#2020-08-11
  • 🇯🇵 Eco Watchers Survey Current (JUL) Actual: 41.1 Expected: 46.6 Previous: 38.8 https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (JUL) due at 05:00 GMT (15min) Expected: 48.2 Previous: 44 https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇯🇵 Eco Watchers Survey Current (JUL) due at 05:00 GMT (15min) Expected: 46.6 Previous: 38.8 https://www.dailyfx.com/economic-calendar#2020-08-11
Forex Analysis: Yen Turns Lower as Alcoa Earnings Boost Risk Appetite

Forex Analysis: Yen Turns Lower as Alcoa Earnings Boost Risk Appetite

2013-01-09 07:25:00
Ilya Spivak, Head Strategist, APAC
Share:

The Japanese Yen turned lower as upbeat earnings from Alcoa Inc dented demand for the haven currency. More of the same appears likely ahead.

Talking Points

  • Japanese Yen Sinks as Risk Appetite Firms on Alcoa Inc Earnings
  • Risk-On Mood Likely to Carry Forward Absent Other Catalysts

The Japanese Yen underperformed in overnight trade as Asian stocks advanced, denting demand for safe-haven currencies. The MSCI Asia Pacific regional benchmark equity index rose 0.3 percent, with sentiment buoyed by a better-than-expected fourth quarter earnings report from Alcoa Inc. The bellwether aluminum also offered an upbeat outlook for 2013, which traders interpreted as broadly supportive for risk appetite.

Looking ahead, the economic calendar is quiet Europe and the US. The earnings docket is likewise uneventful, leaving the aftermath of the Alcoa Inc report to continue playing out across financial markets as traders in Europe and the US get their chance to price in the announcement. S&P 500 index futures are moving cautiously higher in late Asian trade, bolstering the case for a risk-on mood ahead.

Asia Session: What Happened

GMT

CCY

EVENT

ACT

EXP

PREV

21:45

NZD

Building Permits (MoM) (NOV)

-5.4%

1.7%

-2.0%

0:00

AUD

HIA New Home Sales (MoM) (NOV)

4.7%

-

3.6% (R+)

0:01

GBP

BRC Shop Price Index (YoY) (DEC)

1.5%

1.7%

1.5%

0:30

AUD

Job Vacancies (NOV)

-6.9%

-

4.1%

0:30

AUD

Retail Sales s.a. (MoM) (NOV)

-0.1%

0.3%

0.0%

Euro Session: What to Expect

GMT

CCY

EVENT

EXP

PREV

IMPACT

9:00

EUR

Italian Deficit to GDP (YTD) (3Q)

-

5.0%

Low

9:30

GBP

Trade Balance Non EU (£) (NOV)

-4200

-4532

Low

9:30

GBP

Visible Trade Balance (£) (NOV)

-9000

-9539

Low

9:30

GBP

Total Trade Balance (£) (NOV)

-3000

-3644

Low

11:00

EUR

German Industrial Production (MoM) (NOV)

1.0%

-2.6%

Medium

11:00

EUR

German Industrial Production (YoY) (NOV)

-2.9%

-3.7%

Medium

Critical Levels

CCY

SUPPORT

RESISTANCE

EURUSD

1.3045

1.3128

GBPUSD

1.5971

1.6113

--- 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

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES

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.