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
EUR/USD
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
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
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
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
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • After a miraculous recovery in Q2, equity markets will be left juggling the Fed’s policy and the threat of a second covid wave, all in an election year. Evidently, traders will have their hands full in Q3. Read our equity forecast here: https://t.co/JARqbOKIeM https://t.co/Ms6zEucjqg
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/uvlv1MCAHI
  • $GBPUSD posts impressive Q2 recovery, however, what upside challenges lie ahead in Q3? Download our #GBP trading guide to find out: https://t.co/ZE0yjc6wdQ https://t.co/bFa90VJYor
  • RT @DailyFX: What’s the outlook for gold, USD, and the US economy? Jim Rogers shares his thoughts with @DailyFX only on "Trading Global Mar…
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.37% 🇦🇺AUD: 0.22% 🇬🇧GBP: 0.18% 🇪🇺EUR: 0.09% 🇨🇭CHF: 0.00% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2faAkNNk8r
  • Texas virus cases increase 4.3%, above prior 4.2% 7-day average - BBG
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 0.56% Gold: -0.04% Oil - US Crude: -0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/esKy1uY3rQ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.06%, while traders in US 500 are at opposite extremes with 71.69%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HVIXApa0wb
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:https://t.co/vg7w10la3j https://t.co/Mit4oKK16l
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.63% France 40: 0.62% FTSE 100: 0.55% US 500: 0.00% Wall Street: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/bW5YIX8sRH
Yen Soars on Haven Demand as Geopolitical Jitters Sink Risk Appetite

Yen Soars on Haven Demand as Geopolitical Jitters Sink Risk Appetite

2014-08-08 06:47:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Yen Soars, Aussie and NZ Dollars Fall as Risk Aversion Sweeps Markets
  • US Dollar and Swiss Franc Capitalize on Safety-Seeking Capital Inflows
  • Stock Futures Drop, Hinting Risky Asset Liquidation Likely to Continue

The Japanese Yen outperformed in overnight trade, rising as much as 0.5 percent against its leading counterparts, as risk aversion gripped Asian markets and drove demand for the safety-linked currency. The MSCI Asia Pacific regional benchmark equity index fell 1.4 percent in a move the newswires attributed to geopolitical jitters after US President Obama authorized air strikes in Iraq. That compounded an already tense environment tainted by an unraveling cease-fire between Israel and Hamas as well as retaliatory sanctions from Russia against Western powers.

The US Dollar and Swiss Franc likewise managed to capitalize on safe haven demand, rising as much as 0.1 and 0.2 percent respectively against the majors. On the other side of the risk appetite spectrum, the sentiment-sensitive Australian and New Zealand Dollars faced broad-based selling pressure. The high-yielders fell as much as 0.4 percent apiece on average against their G10 FX peers.

A relatively tame economic calendar through the end of the trading week is likely to keep sentiment trends at the forefront. European and US stock index futures are pointing aggressively lower in late Asian trade, hinting overnight trends are likely to continue to play out amid liquidation across the spectrum of risk-geared assets.

New to FX? START HERE!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

23:50

JPY

Bank Lending incl. Trusts (YoY) (JUL)

2.2%

-

2.3%

23:50

JPY

Bank Lending Banks ex-Trust (JUL)

2.3%

-

2.5%

23:50

JPY

Housing Loans (YoY) (2Q)

2.7%

-

2.9%

23:50

JPY

Current Account Total (¥) (JUN)

-399.1B

-325.7B

522.8B

23:50

JPY

Adj. Current Account Total (¥) (JUN)

125.6B

109.0B

384.6B

23:50

JPY

Trade Balance - BOP Basis (¥) (JUN)

-537.1B

-592.8B

-675.9B

1:30

AUD

Home Loans (JUN)

0.2%

0.6%

-0.1%

1:30

AUD

Investment Lending (JUN)

-0.3%

-

-0.9%

1:30

AUD

Value of Loans (MoM) (JUN)

1.8%

-

-0.7%

1:30

AUD

RBA Quarterly Monetary Policy Statement

-

-

-

2:58

CNY

Trade Balance (JUL)

$47.30B

$26.00B

$31.56B

2:58

CNY

Exports (YoY) (JUL)

14.5%

7.0%

7.2%

2:58

CNY

Imports (YoY) (JUL)

-1.6%

2.6%

5.5%

3:08

JPY

BOJ 2014 Monetary Base Target (¥)

270T

270T

270T

4:30

JPY

Bankruptcies (YoY) (JUL)

-13.95%

-

-3.56%

5:00

JPY

Eco Watchers Survey: Current (JUL)

51.3

48.5

47.7

5:00

JPY

Eco Watchers Survey: Outlook (JUL)

51.5

-

53.3

European Session

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

5:45

CHF

Unemployment Rate (JUL)

2.9% (A)

2.9%

Medium

5:45

CHF

Unemployment Rate s.a. (JUL)

3.2% (A)

3.2%

Medium

6:00

EUR

German Trade Balance (€) (JUN)

16.5B (A)

17.8B

Low

6:00

EUR

German Current Account (€) (JUN)

15.0B (A)

12.2B

Low

6:00

EUR

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

0.9% (A)

-1.1%

Low

6:00

EUR

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

4.5% (A)

-3.4%

Low

6:30

AUD

Foreign Reserves (A$) (JUL)

62.7B (A)

62.9B

Low

6:30

JPY

BOJ Monetary Policy Statement

-

-

Medium

8:30

GBP

Visible Trade Balance (£) (JUN)

-8900M

-9204M

Low

8:30

GBP

Trade Balance Non EU (£) (JUN)

-3700M

-3961M

Low

8:30

GBP

Construction Output s.a. (MoM) (JUN)

1.0%

-1.1%

Low

8:30

GBP

Construction Output s.a. (YoY) (JUN)

4.7%

3.5%

Low

8:30

GBP

Total Trade Balance (£) (JUN)

-2050

-2418

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.3251

1.3308

1.3336

1.3365

1.3393

1.3422

1.3479

GBPUSD

1.6760

1.6800

1.6816

1.6840

1.6856

1.6880

1.6920

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

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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

DISCLOSURES

News & Analysis at your fingertips.