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
More View more
Real Time News
  • 🎯 Bitcoin extending its surge through the weekend to trade back above $35K. Seeing some serious upward momentum here, but in light of Fed event risk this week, it may be prudent for short-term tactical traders to consider unwinding exposure a bit. #Bitcoin $BTC $BTCUSD https://t.co/OZjpMGIINQ https://t.co/3miq9M8YS9
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3ISNw2 https://t.co/3y2qs4VDuu
  • RT @FxWestwater: Asia AM - New Zealand Dollar Outlook: $NZDUSD Breakout Chance Shifts Into View https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/07/25/New-Zealand-Dollar-Outlook-NZDUSD-Breakout-Chance-Shifts-Into-View.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/OIRR1…
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here: https://t.co/qV3c7a4YR3 https://t.co/2Qka1WPhnE
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/1mnOXUuBpt https://t.co/kloJCFmJty
  • 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/wwxKQFibW6
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST on DailyFX! A look at the levels heading into #FOMC - https://t.co/lxd5fZnn4H
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/Nx6AHxZksK
  • Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Earnings, Inflation Check out @RichDvorakFX's latest market recap and preview plus all the weekly forecasts from the @DailyFXTeam at the link below! Link to Analysis - https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/07/25/markets-week-ahead-euro-dollar-gold-sp500-fed-earnings-inflation.html $EURUSD $SPX #Trading
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/xKkBwu951j
Currency Markets Cast Wary Eye on Washington as Selloff Pauses

Currency Markets Cast Wary Eye on Washington as Selloff Pauses

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • FX markets mark time in Asia after brutal risk aversion
  • NZ Dollar down as yields, demand wilt at bond auction
  • News-flow from Washington DC firmly in the spotlight

The New Zealand Dollar underperformed in otherwise quiet Asian trade. The currency fell alongside local bond yields, pointing to a shift in the dovish direction along the expected monetary policy spectrum as the catalyst behind the selloff.

The results of a bond auction may have set the stage for the move. An offering of paper maturing in 2025 fetched an average yield of 2.695 percent, down from 2.889 percent on analogous paper sold a month ago. The bid-to-cover ratio ticked down from 3.4 from 4.5 previously, pointing to ebbing demand.

From here, a dull offering of European economic data and an altogether empty US docket is likely to keep broad-based sentiment trends in focus. This will probably keep investors looking to news-flow out of Washington DC for direction cues.

An uneasy calm has settled over financial markets after fears about political instability in the US roiled prices across the range of asset classes. Headline sensitivity remains elevated to say the least however. Uncertainty surrounds what that may mean for risk appetite into the week-end.

What do retail traders’ US Dollar bets hint about the coming price trend? Find out here!

Asia Session

Currency Markets Cast Wary Eye on Washington as Selloff Pauses

European Session

Currency Markets Cast Wary Eye on Washington as Selloff Pauses

** All times listed in GMT. See the full DailyFX economic calendar here.

--- 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