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
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
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
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • JP Morgan sets bond sale at $13 billion, biggest ever for a bank - BBG $JPM
  • Fed's Daly: - Inflation is unlikely to rise unnecessarily - Fed has not reached point in time where it would consider tapering
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 1.95% Gold: 1.76% Oil - US Crude: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rdHJz8jeUV
  • FTSE gained some momentum in recent trade. Test of big resistance over 7000 is important. Get your #FTSE market update from @PaulRobinsonFX here:https://t.co/nHvRtdyQ88 https://t.co/oR6dv1Nh4G
  • Fed's Daly: - Both the inflation and wage expectations are out of reach - We remain far from both inflation and employment targets - Monetary policy is a blunt instrument; other instruments are needed to maintain financial stability
  • Fed's Logan: - LIBOR transformation has made substantial strides - Aim of loosening counterparty rules is to make it easier for small money market funds to enter the market
  • Australian #Dollar Outlook: $AUDUSD Rips into April- #Aussie Breakout Levels - https://t.co/Zha7oaH2qQ https://t.co/dc93LMUuX4
  • Fed's Logan: - Fed intends to loosen counterparty conditions for overnight reverse repo facility counterparties - Any changes to the makeup of treasury purchases would be modest and technical adjustments to match the outstanding debt
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.92%, while traders in France 40 are at opposite extremes with 78.08%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/hMrnFoyKoF
  • Fed's Daly: - Frequency of Fed's market interventions is concerning - Fed market interventions are costly
Yen Rally, Aussie Selloff to Continue as Risk Appetite Unravels

Yen Rally, Aussie Selloff to Continue as Risk Appetite Unravels

Ilya Spivak, Head Strategist, APAC

The Japanese Yen is likely to continue higher while the Australian Dollar swoons as risk aversion grips financial markets after a disappointing BOJ policy announcement.

Talking Points

  • Yen Soars, Aussie and Kiwi Dollars Tumble as Risk Aversion Grips FX Markets
  • Bank of Japan Keeps Monetary Policy Unchanged, Ignores Recent Market Swings
  • Risk Sentiment Swoon Likely to Continue with Little on Tap to Derail Momentum

The Japanese Yen soared while the Australian and New Zealand Dollars underperformed as risk aversion gripped financial markets in overnight trade. The MSCI Asia Pacific regional benchmark stock index fell 0.7 percent as the Bank of Japan opted to maintain its monetary policy stance unchanged, with the policy statement carrying no mention of recent market volatility much less any measures to address it. Traders seemed to be hoping for an increase in the size of ETF and J-REIT purchases and/or a change in funding terms to help stabilize asset prices.

European markets seem to be pressing ahead with risk-averse cues noted in Asia. USDJPY and AUDUSD accelerated lower anew, sinking alongside S&P 500 futures after a brief respite in late overnight trade as European bond trading came online at 6:00 GMT. The region’s stock exchanges have now joined in the selloff as well, trading down nearly 1 percent on average. A lackluster set of economic releases on tap in the US follows a quiet outing on the data front in Europe, suggesting there is relatively little out there to derail established momentum.

Capitalize on Shifts in Market Mood with the DailyFX Speculative Sentiment Index

Asia Session:

GMT

CCY

EVENT

ACT

EXP

PREV

23:50

JPY

Japan Money Stock M3 (YoY) (MAY)

2.8%

2.8%

2.6%

23:50

JPY

BSI Large All Industry (QoQ) (2Q)

5.9

-

1

23:50

JPY

BSI Large Manufacturing (QoQ) (2Q)

5.0

-

-4.6

1:30

AUD

Owner-Occupied Home Loan Value (MoM) (APR)

-0.9%

-

5.1%

1:30

AUD

Home Loans (APR)

0.8%

2.0%

4.8%

1:30

AUD

Investment Lending (APR)

1.1%

-

1.4%

1:30

AUD

NAB Business Conditions (MAY)

-4

-

-6

1:30

AUD

NAB Business Confidence (MAY)

-1

-

-1

2:48

JPY

Bank of Japan Monetary Policy Announcement

-

-

-

5:45

CHF

SECO June 2013 Economic Forecasts

-

-

-

6:00

JPY

Machine Tool Orders (YoY) (MAY P)

-7.4%

-

-23.6%

6:30

JPY

BoJ Governor Kuroda Press Conference

-

-

-

Euro Session:

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

8:30

GBP

Industrial Production (MoM) (APR)

0.1% (A)

0.7%

Medium

8:30

GBP

Industrial Production (YoY) (APR)

-0.6% (A)

-1.4%

Medium

8:30

GBP

Manufacturing Production (MoM) (APR)

-0.2% (A)

1.1%

Low

8:30

GBP

Manufacturing Production (YoY) (APR)

-0.5% (A)

-1.4%

Low

9:00

EUR

German Court Hearing on ESM

-

-

Medium

Critical Levels:

CCY

SUPPORT

RESISTANCE

EURUSD

1.3201

1.3326

GBPUSD

1.5516

1.5608

--- 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