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
Mixed
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
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in US 500 are at opposite extremes with 68.42%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/5qXbmhK4TF
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.01% 🇨🇭CHF: -0.05% 🇪🇺EUR: -0.08% 🇨🇦CAD: -0.18% 🇳🇿NZD: -0.22% 🇦🇺AUD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/q1uXEuBA1M
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.08% Germany 30: -0.06% France 40: -0.14% Wall Street: -0.52% US 500: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/bCGarAMjGk
  • Want to make trading decisions with confidence? Download you free guide to avoid hesitations in your trading decisions.https://t.co/00I3lH90OD #DailyFXGuides https://t.co/LEzeGkMlO6
  • Market Snapshot: Anti-risk USD and JPY outperforming Growth-linked Australian, New Zealand and Canadian Dollars underperforming Wall Street futures extending losses during Tuesday APAC trade Nikkei 225 (-1.0%), Hang Seng (-2.4%), Shanghai Composite (-1.2%) [delayed] -BBG
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:https://t.co/OMNoNHn2vZ https://t.co/FyyPehAlJh
  • Thai Debt Chief Rules Out Additional Stimulus Borrowing For Now - BBG
  • The #HSI Hang Seng Index tumbled 2.5% as profit-taking kicked in among tech stocks: - Tencent (-5.94%) - Alibaba (-1.86%) - Meituan (-6.35%) - Xiaomi (-1.64%)
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:https://t.co/c89gcaNhTt https://t.co/egDQcTpU87
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Gold: 0.24% Silver: 0.19% Oil - US Crude: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/iLfFHRMJGq
Aussie and NZ Dollars Track Stocks Lower, Yen Sheds Anti-Risk Bid

Aussie and NZ Dollars Track Stocks Lower, Yen Sheds Anti-Risk Bid

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – AUSSIE & NZ DOLLARS, YEN, STOCKS

  • Aussie, NZ Dollars drop as Asia stocks follow Wall Street lower
  • Yen sheds anti-risk bid as Fed rate hike bets weigh on funding FX
  • Looming ECB policy decision may crimp risk-off follow-through

The sentiment-linked Australian and New Zealand Dollars underperformed as Asian bourses picked up on a negative lead from Wall Street. Regional shares shed 0.5 percent on average. The typically anti-risk Yen attempted a foray to the upside but failed to sustain momentum, trading broadly flat against its major currency counterparts.

The Japanese unit’s inability to capitalize may reflect the role worries about an accelerated Fed rate hike cycle in souring the markets’ mood. The Asia-session slump in risky assets was tellingly matched by a steepening of the spread between 10- and 2-year US bond yields. That may portend a broadly higher-rate environment ahead, boosting carry trade demand and weighing on standby funding currencies.

Looking ahead, a barebones offering of scheduled European and US event risk leaves markets rudderless, leaving sentiment trends to establish directional bearings once again. S&P 500 futures are pointing lower ahead of the opening bell in New York, hinting the risk-off bias has scope to carry forward. Conviction seems tepid however and follow might prove limited as the ECB rate decision looms on the horizon.

See our quarterly FX market forecasts to learn what will drive prices through mid-year!

ASIA PACIFIC TRADING SESSION

Aussie and NZ Dollars Track Stocks Lower, Yen Sheds Anti-Risk Bid

EUROPEAN TRADING SESSION

Aussie and NZ Dollars Track Stocks Lower, Yen Sheds Anti-Risk Bid

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

FX TRADING RESOURCES

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

To receive Ilya's analysis directly via email, please SIGN UP HERE

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES