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
Bullish
Oil - US Crude
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
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Canadian #Dollar Outlook: $USDCAD Five Weeks Down, Five Month Low - https://t.co/O1op1wYcdT https://t.co/GaYTjFmjtc
  • RT @C_Barraud: 🇺🇸 *PELOSI SAYS `MILES APART' ON SOME ISSUES IN #STIMULUS TALKS - BBG *PELOSI: `VERY FAR APART' ON MONEY FOR GETTING KIDS TO…
  • White House Economic Advisor Larry Kudlow: -Data suggests economy only needs 'targeted money' -Thinks economy is entering a 'self-sustaining recovery' -Trump 'completely opposes' bailing out states $USD $TNX $SPX
  • FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Jul 20, 2020 when FTSE 100 traded near 6,264.90. A contrarian view of crowd sentiment points to FTSE 100 strength. https://www.dailyfx.com/sentiment https://t.co/iX4wB4HOah
  • Fed's Rosengren says the #Fed has been clear that negative interest rates are unlikely to be used
  • Back from vacation and back on schedule Going live for today's stock market webinar in 10 minutes - https://t.co/rmwDABTiN2 https://t.co/oC3Igu2muT
  • I've seen three more headlines today suggesting that there is significant money still on the sidelined despite the climb in markets. Is the assumption that some small tech milestone or new headline would excite investors to pay record amounts to get into a stretched market?
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.57% 🇪🇺EUR: 0.41% 🇨🇦CAD: 0.40% 🇳🇿NZD: 0.14% 🇬🇧GBP: -0.16% 🇯🇵JPY: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3mZjwCXcwc
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 2.39% France 40: 1.37% US 500: 1.29% Germany 30: 1.14% Wall Street: 0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/3rljxp4YdZ
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-12
Forex News: Apple a Potential Precursor for Risk Adverse Currency Safe Havens

Forex News: Apple a Potential Precursor for Risk Adverse Currency Safe Havens

2013-01-24 02:00:00
Jason Shemtob,
Share:

THE TAKEAWAY: Apple Q4 earnings disappointment a potential catalyst for risk adversion turn in the market > Risk aversion may lead to greater investment in safe currencies, such as USD and Yen > Budget Ceiling vote may bolster risk seeking in short term, but major reasons for reversion remain

Apple’s Q4 earnings report released on Wednesday sent Apple stock plummeting during after hours, followed by S&P futures, potentially igniting a state of risk aversion among equity investors. As of recently investors have been more risk seeking, highlighted by the growth in equities and heavy allocations towards high-yield currencies, like the AUD and NZD. As a significant component of the S&P 500, Apple’s negative earnings report may lead to sustainable fears regarding the overall equities market, causing participants to move towards more-safe haven investments, such as Treasuries and lower interest bearing currencies like the USD and the Yen. If this proves true, those investors holding safer investments should see gains against their risk seeking counterparts. Those currencies pairs which could see movement as a result of such risk aversion are the AUD/USD, NZD/USD, and AUD/JPY.

While Apple’s report put a damper on a relatively successful earnings season, Wednesday’s budget ceiling vote by the House of Representatives was a welcomed sign to equity investors. This vote should help to alleviate some of the market’s systematic fears, thereby promoting the continuation of risk seeking behavior of investors. However, this relief may be short sighted, as debt ceiling legislation has yet to be approved by the Senate and potential budget cuts continue to hang over economic progress. With so much uncertainty, safe haven investments, such as those mentioned above, may grow in demand with the markets overall sense of risk aversion.

New_document_1_body_Picture_2.png, Forex News: Apple a Potential Precursor for Risk Adverse Currency Safe Havens

AUD/USD, 15 minutes

New_document_1_body_Picture_1.png, Forex News: Apple a Potential Precursor for Risk Adverse Currency Safe Havens

(Created Using FXCM’s Marketscope 2.0 charts)

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.