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.

Free Trading Guides
EUR/USD
Bearish
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
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
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
Mixed
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
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/yF133btXFd https://t.co/Sjnr0iVgAf
  • Upside momentum stalls with the #DAX and #FTSE 100 vulnerable to testing lower levels as the economic backdrop deteriorates further. Get your #equities technical analysis from @JMcQueenFX here: https://t.co/BFIaXTfDcs https://t.co/q0Mso4zWlT
  • RT @iv_technicals: *TRUMP SAYS HE'D USE TARIFFS IF NEEDED TO PROTECT OIL INDUSTRY - BBG #OOTT #WTI $USO
  • After the pattern is composed with the closing of the signal candle, then you can look to the following candle to identify a clear bias and risk points. Learn how to apply this knowledge to a trading strategy here: https://t.co/uh3NwgHBVv https://t.co/yl4KUMNmUh
  • Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order. Get your update on market drivers in Asia here: https://t.co/r3Ku0p9dw1 https://t.co/CU5vMilpLH
  • - Gold prices may suffer if FOMC minutes spark risk aversion, concerns about liquidity - #XAUUSD could face additional selling pressure if employment data sours sentiment - Ballooning credit risks from distressed corporate debt markets may cap gold’s gains https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/04/04/Gold-Prices-May-Fall-on-FOMC-Minutes-Recession-Credit-Risks.html
  • The bear flag pattern is a popular price pattern used by technical traders within the financial markets to determine trend continuations. Learn how to spot a bear flag pattern here: https://t.co/zg8QzS3ytS https://t.co/A8fvEmmh0K
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/VsfbITIb6B https://t.co/qSLzCiGVxa
  • S&P 500 Sinks as Unemployment Spikes; VIX Index Drops? -via @DailyFX “#StockMarket recovery stymied by dismal jobs report. #Volatility down, but extreme fear lingers.” Latest Forecast: https://www.dailyfx.com/forex/market_alert/2020/04/04/spx-sp500-sinks-as-unemployment-spikes-vix-index-price-drops.html $SPY $SPX $ES_F #Stocks #Analysis #Trading https://t.co/qwfhehTnbt
  • RT @LiveSquawk: Oil set to 'crater' Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia https://t.co/emRrx7PgpR
Yen Falls as Euro, Pound Rise Amid Lull in Brexit-Linked Anxiety

Yen Falls as Euro, Pound Rise Amid Lull in Brexit-Linked Anxiety

2016-06-17 06:23:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Yen falls while Aussie, Canadian Dollars rise as risk appetite recovers
  • Euro, Pound rise with stocks amid correction in “Brexit”-driven moves
  • Consolidative dynamics set to prevail into the end of the trading week

The Japanese Yen underperformed in overnight trade as regional stocks recovered, sapping demand for the anti-risk currency. The sentiment-linked Australian and Canadian Dollars followed shares upward. The New Zealand Dollar lagged the rest of the commodity FX bloc, with prices in corrective mode after yesterday’s surge in the wake of first-quarter GDP data. The Euro and British Pound likewise followed shares upward, underscoring the centrality of "Brexit" fears as the catalyst driving recent risk aversion.

Looking ahead, a quiet economic calendar through the end of the week and the suspension of UK referendum campaigning until next week seems likely to leave markets in correction mode. European and US stock index futures are pointing higher in late overnight trade, hinting that overnight trading patterns may continue as amid profit-taking and pre-positioning for next week’s fireworks. Indeed, the average 1-week implied volatility for the US Dollar against its top counterparts is at the highest since November 2008.

Track short-term FX trading patterns and key levels with the GSI indicator!

Asia Session

GMT

CCY

EVENT

ACT

EXP

PREV

22:00

NZD

ANZ Job Advertisements (MoM) (MAY)

0.2%

-

1.8%

22:30

NZD

BusinessNZ Manufacturing PMI (MAY)

57.1

-

56.6

01:00

NZD

ANZ Consumer Confidence Index (JUN)

118.9

-

116.2

01:00

NZD

ANZ Consumer Confidence (MoM) (JUN)

2.3%

-

-3.2%

European Session

GMT

CCY

EVENT

EXP

PREV

IMPACT

08:00

EUR

Eurozone Current Account SA (APR)

-

27.3b

Low

08:00

EUR

Eurozone Current Account NSA (APR)

-

32.3b

Low

09:00

EUR

Eurozone Labour Costs (YoY) (1Q)

-

1.3%

Low

11:45

EUR

ECB’s Coeure Speaks in Berlin

-

27.3b

Low

Critical Levels

CCY

Supp 3

Supp 2

Supp 1

Pivot Point

Res 1

Res 2

Res 3

EURUSD

1.0889

1.1053

1.1139

1.1217

1.1303

1.1381

1.1545

GBPUSD

1.3675

1.3916

1.4059

1.4157

1.4300

1.4398

1.4639

--- 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.