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
More View more
Real Time News
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • The inside bar pattern occurs regularly within financial markets. Incorporating the inside bar strategy can enhance a trader's market analysis. Find out how you can use it from @WVenketas here:
  • Point 3 is not talked about enough. The bureaucratic - dare I say, Leviathan - in most universities is resulting in tuition prices skyrocketing without adding clear value to the students.
  • Think #amzn will gap higher on Monday after Black Friday and the giant move to online shopping?
  • The exponential moving average (EMA) is a derivative of the simple moving average (SMA) indicator. Compared to the SMA, the EMA weighs recent price changes more heavily than later changes in price. Learn how to incorporate the EMA into your strategy here:
  • Traders in the Euro have a big decision to make this weekend: if EUR/USD hits 1.20, will it continue to advance, consolidate or fall back? Get your $EURUSD market update from @MartinSEssex here:
  • The bullish engulfing candle is one of the forex market's most clear-cut price action signals for reversals and continuation. Learn more about this price action trading signal here:
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here:
  • Defensive stocks have proven critically important when navigating stock market volatility. Find out what are the most defensive stocks here:
  • Dollar Index has broken major uptrend support and risks accelerated losses into the December open. Get your $USD technical analysis from @MBForex here:
Yen in Focus on Trump Trade War Threat, Italian Turmoil, G7

Yen in Focus on Trump Trade War Threat, Italian Turmoil, G7

2018-05-31 06:30:00
Ilya Spivak, Head Strategist, APAC


  • Yen gains, Aussie and NZ Dollars fall as markets retrace risk recovery
  • Euro, US Dollar may ignore incoming CPI and PCE inflation figures
  • Trump trade war jitters, Italian turmoil, G7 summit to guide sentiment

Currency markets found little traction in Asia Pacific trade. The Australian and New Zealand Dollars edged down while the Japanese Yen rose as sentiment-linked currencies retraced some of the moves recorded amid a recovery in risk appetite in the prior session. A lull in negative news flow out of Italy allowed investors to breathe a sigh of relief after 48 hours of bloodletting, as expected.

Eurozone CPI data headlines the economic calendar in European trading hours, with the headline on-year inflation rate expected to tick up to a one-year high of 1.6 percent. A better-than-expected result on analogous German data was wholly ignored by the Euro yesterday. Something similar is likely this time around as well, with political instability likely to preoccupy investors and ECB policymakers alike.

Later in the day, the Fed’s favored PCE inflation gauge comes into focus. The headline price growth rate is seen holding at 2 percent while the core measure excluding volatile food and energy costs ticks a bit lower to 1.8 percent. Outcomes broadly in line with expectations are unlikely to dislodge established monetary policy expectations and so may prove inconsequential for near-term US Dollar price action.

This probably puts risk trends back in the spotlight, but mixed cues from futures tracking European and US equities benchmarks obscure what that might mean in practice. That probably speaks to heightened headline sensitivity and kneejerk volatility risk as traders search for direction in news flow from Rome as well as from the sidelines of a G7 finance ministers’ meeting in Canada.

Trade war jitters may also replace Italian woes as a risk-off catalyst. The Washington Post cited unidentified sources saying US President Trump may allow to lapse steel and aluminum tariff hike exemptions for Canada, Mexico and the EU. Doing so would almost certainly complicate NAFTA renegotiation efforts and invite retaliation, souring sentiment anew.

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


Asia Pacific Trading Session Economic Calendar


European Trading Session Economic Calendar

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


--- Written by Ilya Spivak, Currency Strategist for

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.