Skip to Content
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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Yen Falls, Aussie Dollar Gains in Upbeat Start to Trading Week

Yen Falls, Aussie Dollar Gains in Upbeat Start to Trading Week

Talking Points:

  • Yen drops, Aussie and Kiwi Dollars rise as market mood brightens
  • FTSE 100 and S&P 500 futures hint risk-on mood likely to continue
  • British Pound may correct lower on cautious Carney commentary

An up-swell in market sentiment defined the G10 FX space at the start of the trading week. The anti-risk Japanese Yen slumped while at the opposite end of the spectrum, the Australian and New Zealand Dollars powered higher. The chipper mood appears to be follow-on momentum after Wall Street finished Friday with record highs recorded for US equities benchmarks.

Risk trends may continue to define near-term price action amid a lull in top-tier scheduled news flow. Futures tracking the baseline FTSE 100 and S&P 500 indexes are pointing convincingly higher, hinting that a rosy outlook will continue to predominate. Absent an unforeseen headline that spoils the party, this ought to see trading patterns seen in Asia Pacific hours extending into European and North American trade.

A speech from Bank of England Governor Mark Carney seems to amount to the only eye-catching bit on the economic calendar through the rest of the day. The central bank chief has been far more cautious about signaling near-term stimulus withdrawal than some of his colleagues, meaning whatever he says might encourage the British Pound to correct lower following last week’s explosive gains.

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

Asia Session

European Session

** 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