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
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
Oil - US Crude
Bullish
Wall Street
Bullish
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
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
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
  • Brazil central bank decision to raise benchmark rate was unanimous $USDBRL
  • Heads Up:🇧🇷 Interest Rate Decision due at 22:00 GMT (15min) Actual: 3.5% Expected: 3.5% Previous: 2.75% https://www.dailyfx.com/economic-calendar#2021-05-05
  • The Brazil Central Bank increased its benchmark lending rate 75 bps as expected - pushing it to 3.50%. The announcement came 40 minutes late....
  • S&P 500 still treading water sideways, support rising up. Get your S&P500 market update from @PaulRobinsonFX here:https://t.co/hsxwVM3Op4 https://t.co/fbmKRQZsk9
  • Brazil raises benchmark lending rate 75 basis points to 3.50% -BBG
  • Today's article discusses the revival of the reflation trade and some stocks to watch within. This morning's webinar is attached Read more - https://www.dailyfx.com/forex/market_alert/2021/05/05/Stock-Market-Forecast-for-the-Week-Ahead-Reflation-Trade-Reignited.html?ref-author=phanks&QPID=917701&CHID=9 https://t.co/eTh7zTlvTn
  • AUD/USD higher in a choppy session, however the pair struggled to break beyond 0.7750 $AUDUSD https://t.co/iSK8FxjST7
  • RT @KyleR_IG: Despite a bearish turn in global markets overnight, commodity prices continue to surge: the Bloomberg Commodity Index edged t…
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.96% 🇦🇺AUD: 0.52% 🇨🇦CAD: 0.35% 🇯🇵JPY: 0.12% 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/twP6MgdXsu
  • Heads Up:🇧🇷 Interest Rate Decision due at 21:00 GMT (15min) Expected: 3.5% Previous: 2.75% https://www.dailyfx.com/economic-calendar#2021-05-05
Yen Aims Higher as Risk Appetite Sours Across Financial Markets

Yen Aims Higher as Risk Appetite Sours Across Financial Markets

Ilya Spivak, Head Strategist, APAC

Talking Points:

The Japanese Yen traded broadly higher as Asia Pacific bourses followed Wall Street downward, offering a lift to the perennially anti-risk currency. The Australian Dollar fell following disappointing GDP data. The New Zealand Dollar rose however, tracking front-end Treasury bond futures higher to hint that a cooler Fed rate hike outlook may have burnished the currency’s appeal as a yield-seeking alternative.

Another quiet day on the European data docket seems likely to put sentiment trends back in the spotlight. Futures tracking the FTSE 100 and S&P 500 equity benchmarks are pointing convincingly lower before London and New York come online, spelling trouble for risk-geared commodity bloc currencies and hinting at further gains for the Yen.

With that in mind, risk appetite has been fickle over the past two days. A positive lead in stock index futures that argued for risk-on dynamics proved to be misleading in back-to-back sessions, with investors’ mood souring mid-session. It is unclear whether the same pattern is likely to hold when preliminary indications point to a risk-off bias, but traders would be wise to tread carefully.

As ever, politics remain a wildcard. UK Brexit Secretary David Davis is due to address a parliamentary committee and Prime Minister Theresa May faces question time in the House of Commons. Both will surely have to opine on the almost-there EU/UK accord that fell apart early this week. Headlines out of Washington DC also bear watching as the Mueller investigation closes in on President Donald Trump’s inner circle.

Need help building confidence in your trading strategy? See our guide!

Asia Session

Yen Aims Higher as Risk Appetite Sours Across Financial Markets

European Session

Yen Aims Higher as Risk Appetite Sours Across Financial Markets

** 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