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
  • Interested in what factors are influencing the GBP this quarter? Get your free forecast here: https://t.co/BF0gzdigjn #DailyFXGuides https://t.co/psgpGWiWDl
  • The Dow Jones, Nasdaq 100 and S&P 500 stock indexes may find fresh catalysts as the release of Q4 US corporate earnings set the tone for what has been a record-scrapping rally. Get your market update from @margaretyjy here: https://t.co/5B9NlmVI6Z https://t.co/0xdeBE3L7Z
  • Crude oil prices are poised to continue their upward trajectory in 2021, but technical signals hint that a near-term pullback may precede the next major push higher. Get your market update from @FxWestwater here: https://t.co/ePFyh64cAG https://t.co/Btbz1n5Dfg
  • $USDMXN continues consolidation as bearish momentum eases and bias attempt to turn to the upside. Get your market update from @HathornSabin here: https://t.co/J9vJ76Lghq https://t.co/pJGnuuyJNQ
  • The US Dollar breaks out of the range bound price action from the first of January going into the inauguration of President-elect Joe Biden. Get your market update from @DavidJSong here: https://t.co/GVxAmCkhP5 https://t.co/OC6g9pGhGy
  • Sterling continues to nudge higher against most major currencies with traders placing their trust in the ongoing UK vaccination plan. Get your market update from @nickcawley1 here: https://t.co/OvFP8Zzz5b https://t.co/rwofebQHTq
  • $EURUSD has dropped sharply over the last few days and may well fall further. However, it is also possible that the bad news is now priced in to the exchange rate and that further weakness will be delayed. Get your market update from @MartinSEssex here: https://t.co/mDGlI1aS6o https://t.co/1xYg0muBJI
  • The Brexit timeline can be followed one event after another. Use this tool from DailyFX research to sharpen your knowledge on the Brexit timeline here: https://t.co/kFDzTWODDo https://t.co/TT1FwFK8cJ
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/Uz6LKXdR2k
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1dg6y3 https://t.co/fGi6YgqqQt
Yen May Extend Gains as Market Sentiment Continues to Darken

Yen May Extend Gains as Market Sentiment Continues to Darken

2017-08-29 05:06:00
Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Yen gains, Aussie and Kiwi Dollar drop on North Korea missile test
  • S&P 500 and FTSE 100 futures hint risk aversion likely to continue
  • Augusts’ US consumer confidence data may pass without fireworks

The anti-risk Japanese Yen traded broadly higher while the sentiment-linked Australian and New Zealand Dollars swooned in Asia Pacific trade. The markets started the week in a sour mood and traders’ disposition only darkened as worries about the impact of Hurricane Harvey were compounded after North Korea conducted another missile test, this time aiming squarely toward Japan.

Looking ahead, a lackluster offering of European and US economic data is likely to keep risk trends at the forefront. Futures tracking the FTSE 100 and S&P 500 equity benchmarks are pointing decidedly lower, hinting that overnight trade dynamics are likely to carry forward. In fact, the selloff may be compounded if Pyongyang’s latest act triggers another barrage of saber-rattling from the Trump administration.

Augusts’ US consumer confidence statistics stand out among lesser bits of scheduled event risk. The headline sentiment gauge is expected to tick lower. US data flow has firmed relative to consensus forecasts since mid-June however, hinting that analysts’ models are underestimating the economy’s vigor and opening the door for an upside surprise. That may fall on deaf ears however as payrolls figures loom ahead.

Just getting started trading in the FX markets? Check out our beginners’ guide!

Asia Session

Yen May Extend Gains as Market Sentiment Continues to Darken

European Session

Yen May Extend Gains as Market Sentiment Continues to Darken

** 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