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. See our updated Privacy Policy here.

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
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
More View more
Real Time News
  • You're Not The Only One Bored Of 'New' Apple iPhones https://t.co/T3ZXZ8wplw via @IBDinvestors
  • $USDCAD big test, right at the Sept. high https://t.co/D9baX3BGXf https://t.co/Sg2ySGIIY8
  • just about an hour later $USDCAD https://t.co/D9baX3BGXf https://t.co/B0c71AkZTl
  • Hedging Evergrande (3333 HK) is reportedly a near impossible task
  • Given there is a substantial risk from China's Evergrande situation with a possible technical default at the start of next week, I'll be watching Bitcoin as a 'risk' measure over the weekend. Here versus SPX as Shanghai Comp is 'tended to' https://t.co/OoudsWHFPy
  • The latest batch of US economic data suggests the economy is weathering delta variant concerns, increasing odds for a Fed taper announcement shortly. Get your market update from @CVecchioFX here:https://t.co/aioT8UU4IJ https://t.co/BhMSqkkV0E
  • $USD support hold at higher low $DXY now breakout after U of Mich Focus now shifts to the Fed for next week's rate decision. Quarterly meeting, so also getting an updated dot plot matrix and SEP https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/17/USD-price-action-us-dollar-rallies-to-sept-high-focus-shifts-to-the-Fed.html https://t.co/oJdrBqBkfp https://t.co/EsSn4XEB1g
  • another hit at resistance $ES $SPY $SPX that zone is 5 for 5 this week, catching resistance each day m-f (this morning was pre-us open) https://t.co/cchd5Rr92S https://t.co/wwXugBgE8m
  • US headline consumer sentiment survey from UofM picks up but less than expected 71 vs 72 expected and 70.3 previously. Expectations component advances to 67.1 from 65.1. Inflation forecasts still pushing their highs. Tepid Dollar and emini $SPX futures response thus far
  • 🇺🇸 Michigan Inflation Expectations Prel (SEP) Actual: 4.7% Previous: 4.6% https://www.dailyfx.com/economic-calendar#2021-09-17
Yen Gains as Stocks Retreat, NZ Dollar Gains on RBNZ FSR Report

Yen Gains as Stocks Retreat, NZ Dollar Gains on RBNZ FSR Report

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Yen gains, Aussie Dollar slumps as risk aversion returns overnight
  • NZ Dollar gains as RBNZ opts against setting the stage for rate cuts
  • Risk-off dynamics seen ahead as markets eye BOE Inflation Report

The anti-risk Japanese Yen traded higher while the sentiment-anchored Australian Dollar declined as stocks declined in overnight trade. The New Zealand Dollar diverged from broader trends in market mood for a second day, rising following the release of the RBNZ Financial Stability Report and subsequent commentary from Governor Graeme Wheeler.

The central bank signaled its concern about runway housing prices in Auckland and said it was seriously considering further macro-prudential measures to cool conditions, but pointedly opted against unveiling anything actionable (including a clear-cut timeline for future policy). This sent the Kiwi higher as markets unwound bets on an imminent policy response that would open the door for further RBNZ interest rate cuts stoked by yesterday’s comments from Finance Minister Bill English.

Looking ahead, a quiet economic data docket is likely to keep risk appetite trends at the forefront. S&P 500 futures are pointing meaningfully lower, hinting at a corrective decline after yesterday’s session produced the largest daily gain in a month. The deliberative tone may be reinforced by traders’ hesitation to commit to a firm directional bias ahead of critical event risk posted by the upcoming release of the Bank of England Quarterly Inflation Report. Traders will comb through the document for clues about officials’ views on the likely impact of the much-anticipated Brexit referendum due next month.

Should you follow FXCM traders’ positioning on the major currencies? Find out here!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

21:00

NZD

RBNZ Publishes Financial Stability Report (FSR)

--

--

--

23:00

NZD

RBNZ's Wheeler News Conference on FSR

--

--

--

23:27

NZD

REINZ House Sales (YoY) (APR)

18.4%

--

8.2%

23:50

JPY

Official Reserve Assets ($) (APR)

1262.5b

--

1262.1b

0:30

AUD

Westpac Consumer Conf Index (MAY)

103.2

--

95.1

0:30

AUD

Westpac Consumer Conf SA (MoM) (MAY)

8.5%

--

-4.0%

1:10

NZD

RBNZ's Wheeler at Parliament Committee on FSR

--

--

--

1:30

AUD

Home Loans (MoM) (MAR)

-0.9%

-1.5%

0.9%

1:30

AUD

Investment Lending (MAR)

1.5%

--

3.1%

1:30

AUD

Owner-Occupier Loan Value (MoM) (MAR)

-1.2%

--

1.7%

5:00

JPY

Leading Index CI (MAR P)

98.4

96.3

96.8

5:00

JPY

Coincident Index (MAR P)

111.2

111.2

110.7

European Session

GMT

CCY

EVENT

EXP/ACT

PREV

IMPACT

8:30

GBP

Industrial Production (MoM) (MAR)

0.3% (A)

-0.3%

Medium

8:30

GBP

Industrial Production (YoY) (MAR)

-0.2% (A)

-0.5%

Medium

8:30

GBP

Manufacturing Production (MoM) (MAR)

0.1% (A)

-1.1%

Medium

8:30

GBP

Manufacturing Production (YoY) (MAR)

-1.9% (A)

-1.8%

Medium

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EUR/USD

1.1278

1.1329

1.1351

1.1380

1.1402

1.1431

1.1482

GBP/USD

1.4258

1.4347

1.4395

1.4436

1.4484

1.4525

1.4614

--- 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