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.

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
Mixed
Wall Street
Mixed
Gold
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
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Please join @ddubrovskyFX at 20:00 EST/00:00 GMT for a webinar on what other traders' buy/sell bets say about price trends. Register here: https://t.co/AzOQip9B3r https://t.co/Bp8J3szHKq
  • Heads Up:🇯🇵 BoJ Monetary Policy Meeting Minutes due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-22
  • The US Dollar may gain versus ASEAN currencies like the Singapore Dollar, Thai Baht and Philippine Peso after the Fed projected 2 rate hikes by the end of 2023. All eyes on US PCE data. Get your market update from @ddubrovskyFX here:https://t.co/LaLVW8FFHI https://t.co/W7AHAcuZbO
  • 5 out of 9 Dow Jones sectors ended higher, with 43.3% of the index’s constituents closing in the green. Consumer discretionary (+1.27%) and materials (+0.62%) outperformed, whereas industrials (-0.25%) and communication services (-0.21%) trailed behind. https://t.co/iBLgt4PcYc
  • 🇦🇺 Markit Manufacturing PMI Flash (JUN) Actual: 58.4 Previous: 60.4 https://www.dailyfx.com/economic-calendar#2021-06-22
  • 🇦🇺 Markit Services PMI Flash (JUN) Actual: 56 Previous: 58.0 https://www.dailyfx.com/economic-calendar#2021-06-22
  • Heads Up:🇦🇺 Markit Manufacturing PMI Flash (JUN) due at 23:00 GMT (15min) Previous: 60.4 https://www.dailyfx.com/economic-calendar#2021-06-22
  • Heads Up:🇦🇺 Markit Services PMI Flash (JUN) due at 23:00 GMT (15min) Previous: 58.0 https://www.dailyfx.com/economic-calendar#2021-06-22
  • Increased rate bets following June's FOMC rate decision roiled markets, including commodities. Crude oil received a boost on Iran's election, while gold and copper look to incoming inflation data out of the US. Get your market update from @FxWestwater here:https://t.co/3zlDk5ITnw https://t.co/XQfFLxf4Kq
  • US Dollar Outlook: DXY Slides During Powell's Fed Testimony -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/06/22/us-dollar-outlook-dxy-slides-during-fed-powell-testimony.html $DXY $USD #Forex https://t.co/aza7FQRnF8
Yen Soars on Trade War Fears, Carney May Derail Pound Rebound

Yen Soars on Trade War Fears, Carney May Derail Pound Rebound

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – YEN, TRADE WAR, POUND, CARNEY, BREXIT

The Japanese Yen outperformed in Asia Pacific trade as risk appetite soured across regional bourses, offering a familiar boost to the standby anti-risk currency. Trade war jitters unnerved investors after the White House launched a probe into auto imports that is eerily reminiscent of the one that served to justify a sharp hike in aluminum and steel tariffs.

The similarly-minded Swiss Franc also advanced as sentiment soured. Lingering unease about Italian politics probably helped beyond trade-related concerns. The currency reclaimed its regional safe-haven credentials recently, tracking a widening spread between German and Italian 10-year bond yields (reflecting the added risk of lending to Rome vs Berlin) as markets cast a worried eye on an incoming populist government.

The Canadian Dollar suffered. Motor vehicles and parts are its home country’s top export commodities and the US is the by far the largest destination market, accounting for close to 80 percent of cross-border sales. It is hardly surprising then that the prospect of a US tariff on autos weighed on the currency, especially since any such move might complicate on-going NAFTA renegotiation efforts.

The British Pound edged up amid reports that UK Prime Minister Theresa May will ask the EU for a second post-Brexit transition period to run until 2023, maintaining the status quo on customs and thus avoiding a disruption of commercial activity. The US Dollar lost a bit of ground after a reserved tone in minutes from the May 2 FOMC policy meeting stopped short of boosting rate hike bets beyond 2018.

Looking ahead, a speech from BOE Governor Carney headlines an otherwise quiet calendar in European trading hours. Comments echoing recent dovish pronouncements might weigh on Sterling, trimming earlier gains. Beyond that, sentiment trends look likely to remain in the driver’s seat. S&P 500 futures are firmly in the red, hinting at further Yen gains as the dour mood persists in the hours ahead.

See our free guide to learn how to use economic news in your trading strategy!

ASIA PACIFIC TRADING SESSION

Asia Pacific Trading Session Economic Calendar

EUROPEAN TRADING SESSION

European Trading Session Economic Calendar

** 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

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

DISCLOSURES