Skip to Content
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
More View More
Yen, Swiss Franc Aim Higher as Trade War Worries Hit the Markets

Yen, Swiss Franc Aim Higher as Trade War Worries Hit the Markets

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – TRADE WAR, CHINA, YEN, FRANC, US DOLLAR, FED

  • Yen, Swiss Franc aim higher as trade war worries sour market mood
  • Australian, NZ Dollars may bear the brunt of risk-off selling pressure
  • Hawkish Fed-speak might help US Dollar continue to build upward

The anti-risk Japanese Yen and Swiss Franc outperformed as trade war worries soured risk appetite in Asia Pacific trade. Having dispensed with last week’s heavy duty event risk, financial markets have turned their attention to the threat to global growth posed by deepening fissures between the US and other top economies (as expected). The immediate trigger was a China’s response to US tariffs over the weekend.

BACKGROUND: A Brief History of Trade Wars, 1900-Present

From here, a sharp love lower in futures tracking the FTSE 100 and S&P 500 equity benchmarks signals the risk-off mood is likely to persist as London and New York come online. That seems likely to keep the Yen and Franc well-supported. Sentiment-geared commodity bloc currencies – the Australian and New Zealand Dollars in particular – might bear the brunt of selling pressure.

Meanwhile, the US Dollar may continue to build higher after last week’s explosive gains if incoming commentary from Federal Reserve officials echoes the hawkish tone of the FOMC monetary policy announcement. Scheduled remarks from Raphael Bostic and John Williams, presidents of the US central bank’s Atlanta and New York branches are due today.

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