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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
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
  • President Biden: Willing to compromise on infrastructure. $DIA $USD
  • Despite a rise in US 10yr Treasury yields to a multi-day high, the US Dollar has remained weaker today. The $DXY is now trading back below the 91.10 level. $USD
  • this was the central focus of the q2 tech forecast on $USD. Monthly chart, resistance on underside of long-term trend channel after fibo support helped to provide the bounce in early-Q1
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.27% Gold: -0.27% Silver: -0.90% View the performance of all markets via
  • US Indices are all trading in the red today, with Tech and Small Caps both down over 1%. DOW -0.53% SPX -0.71% NDX -1.30% RUT -1.58% $DIA $SPY $QQQ $IWM
  • USD/CAD trades to a fresh monthly low (1.2471) following the failed attempt to push back above the 50-Day SMA (1.2585). Get your $USDCAD market update from @DavidJSong here:
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.01% 🇯🇵JPY: 0.65% 🇨🇭CHF: 0.50% 🇪🇺EUR: 0.41% 🇦🇺AUD: 0.33% 🇨🇦CAD: -0.12% View the performance of all markets via
  • The Cable Come Back $GBPUSD hard charging for that 1.4000 handle - the same that rebuked the advance multiple times in March
  • $USD now down to the next fibo level, trying to grasp on to the 618 Q2 reversal theme still in play
Aussie and NZ Dollars Rise, Yen Drops as Risk Appetite Recovers

Aussie and NZ Dollars Rise, Yen Drops as Risk Appetite Recovers

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Aussie and NZ Dollars rise with S&P 500 futures, Yen dutifully declines
  • British Pound slumps as disappointment in missing Brexit deal settles in
  • UK PMI, US ISM data may pass without meaningful reaction from FX

The Australian and New Zealand Dollars rose as risk appetite improved, offering a lift to the sentiment-sensitive currencies. Asian bourses appeared to be looking backwards, tracking lower to echo a downbeat day on Wall Street. The highest yielders in the G10 FX space marched higher alongside S&P 500 futures however. The Aussie led the way higher with some help from a cautiously upbeat RBA policy statement.

The perennially anti-risk Yen declined even as Japanese shares moved considerably lower, seemingly underscoring currency markets’ focus on where sentiment is going rather than where it’s been. It was the British Pound that suffered outsized losses however. Sterling seemed to succumb to disappointment at the absence of a Brexit deal following UK/EU talks on Monday having managed to hold firm yesterday.

Looking ahead, a relatively quiet offering on the European economic data docket offers relatively little to inspire a strong response from exchange rates. UK PMI data is the most eye-catching of the releases on offer and it seems unlikely to take the spotlight away from Brexit-related matters, particularly after the BOE has signaled its intent to remain on the sidelines for the near term.

Later in the day, the service-sector US ISM report may be an afterthought on similar grounds. A rate hike at next week’s FOMC meeting is all but fully priced in, with the probability of an increase implied in Fed Funds futures at 98.3 percent. That seems to shift investors’ focus on the 2018 policy path and thus rob the release of most of its market-moving potential.

On balance, that seems to keep risk trends at the forefront. US stock index futures continue to gain ground ahead of the opening bell in New York and European equivalents are starting to follow suit. This hints that trade dynamics noted in the Asia Pacific session have scope for follow-through. As ever, politics may disrupt momentum however as Brexit- and “Trump trade”-related matters remain very much in focus.

What is the #1 mistake that traders make, and how can you fix it? Find out here!

Asia Session

Aussie and NZ Dollars Rise, Yen Drops as Risk Appetite Recovers

European Session

Aussie and NZ Dollars Rise, Yen Drops as Risk Appetite Recovers

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

--- Written by Ilya Spivak, Currency Strategist for

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.