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
Bearish
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
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
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
Bearish
More View more
Real Time News
  • The final ‘full’ week of the year brings about the last wave of significant event risk from around the globe, including three central bank rate decisions (Fed, BOE, & BOJ). Get your market update from @CVecchioFX here:https://t.co/PhqxSPlngI https://t.co/XX57vSjQwV
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/HOvzuOICQx
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/32hYzqhuZ9
  • The Australian Dollar sits on the crossroads of Treasury yields, the S&P 500 and US fiscal stimulus expectations. Will $AUDUSD gains slow? Chinese Q4 GDP and Australian jobs data are due. Get your market update from @ddubrovskyFX here: https://t.co/BsYmmWFYOH https://t.co/HhLqb2iVgk
  • #Gold prices have come under significant pressure to kick-off 2021. However, the formation of bullish technical patterns across multiple timeframes suggests that a rebound higher may be at hand. Get your market update from @DanielGMoss here: https://t.co/Dpf8N4Fh0T https://t.co/pnZpnM9yT5
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here: https://t.co/Xr3xtoFpZy https://t.co/yCtLFemdNc
  • GBP underpinned as BoE downplays negative rates, alongside vaccine rollout. Get your market update from @JMcQueenFX here: https://t.co/n6V6uw0XV5 https://t.co/Toq2fxSdBE
  • 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: https://t.co/KDjIjLdTSk https://t.co/5VzSt5Ak7R
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/Jkv0onMyZw
  • Why is JPY called a safe haven? What are some factors in its favor this quarter? Get your free forecast here: https://t.co/mzeJ5x73N3 #DailyFXGuides https://t.co/S4bwgGZxmw
Forex: Yen Bought on Syria-Linked Jitters, Euro May Rise on IFO Data

Forex: Yen Bought on Syria-Linked Jitters, Euro May Rise on IFO Data

2013-08-27 06:55:00
Ilya Spivak, Head Strategist, APAC

The Japanese Yen rose amid risk aversion as Asian markets followed Wall Street lower on Syria-linked risk aversion. The Euro may rise on Augusts’ German IFO data.

Talking Points

  • Yen Rallies, Aussie and NZ Dollars Sink on Syria-Linked Jitters Spark Risk Aversion
  • Euro May Rise as German IFO Gauge Hits 6-Month High, Denting ECB Easing Bets

To receive Ilya's analysis directly via email, please SIGN UP HERE

The Japanese Yen outperformed while the sentiment-linked Australian and New Zealand Dollars fell as Asian stocks followed Wall Street lower overnight. The MSCI Asia Pacific regional benchmark equity index fell 0.7 percent. The newswires attributed the flare-up of risk aversion to swelling geopolitical risk after US Secretary of State John Kerry said the Syrian government will be held accountable for its use of chemical weapons. The prospect of direct US involvement in Syria’s bloody civil conflict appears to have stoked concerns about spillover into wider regional turmoil, unnerving investors.

Germany’s IFO Survey of business confidence is in focus in European trading hours. Expectations suggest the headline Business Climate gauge rose to a six-month high in August. News-flow out of the currency bloc has increasingly outperformed relative to expectations over recent months (according to data compiled by Citigroup), opening the door for an upside surprise. The Euro continues to track the relative monetary policy outlook (as implied by the front-end bond yield spread), hinting a supportive IFO print that weighs against the probability of further ECB easing is likely to boost the single currency.

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

Asia Session:

GMT

CCY

EVENT

ACT

EXP

PREV

1:30

CNY

Industrial Profits YTD (YoY) (JUL)

11.1%

-

11.1%

5:00

JPY

Small Business Confidence (AUG)

49.7

-

49.4

Euro Session:

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

8:00

EUR

German IFO - Business Climate (AUG)

107.0

106.2

High

8:00

EUR

German IFO - Current Assessment (AUG)

111.0

110.1

High

8:00

EUR

German IFO - Expectations (AUG)

103.1

102.4

High

Critical Levels:

CCY

SUPP 3

SUPP 2

SUPP 1

Pivot Point

RES 1

RES 2

RES 3

EURUSD

1.3297

1.3335

1.3352

1.3373

1.3390

1.3411

1.3449

GBPUSD

1.5472

1.5527

1.5552

1.5582

1.5607

1.5637

1.5692

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

To contact Ilya, email ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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

DISCLOSURES