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.

Free Trading Guides
EUR/USD
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
Oil - US Crude
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
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 1.21% 🇦🇺AUD: 1.21% 🇨🇦CAD: 0.28% 🇪🇺EUR: -0.15% 🇨🇭CHF: -0.18% 🇯🇵JPY: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/oiEJHTo7e7
  • Weekly Strategy Webinar starting in 15mins! https://t.co/lxd5fZnn4H
  • Join @MBForex 's at 8:30 AM ET/12:30 PM GMT for his weekly strategy #webinar Register here: https://t.co/VAnAfZU02T https://t.co/nYIzx59rfT
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/ZlnTxUGpy9
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.44%, while traders in US 500 are at opposite extremes with 70.25%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fZmIFD69Un
  • Análisis $XAUUSD: el oro avanza pero continúa limitado por la demanda del dólar #gold #oro #usd #trading https://t.co/XmbNkGLTbe
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: 1.06% Silver: 1.03% Oil - US Crude: -1.93% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rEjUTWcEhu
  • AUD/USD Tests Key Chart Level - Australian Dollar Price Outlook More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2020/04/06/AUDUSD-Tests-Key-Chart-Level-Australian-Dollar-Price-Outlook-MK.html?CHID=9&QPID=917714 https://t.co/EQPSqGoxA6
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 1.22% 🇳🇿NZD: 1.20% 🇨🇦CAD: 0.56% 🇪🇺EUR: 0.08% 🇨🇭CHF: -0.03% 🇯🇵JPY: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ERM5zEpMay
  • While Sino-US trade jitters are temporarily abating, China-Swedish trade tensions are rising as a part of a political contagion of growing economic hostilities between nations across the world. Get your market update from @ZabelinDimitri here:https://t.co/F1fVoyzoz5 https://t.co/9yE6F4tE7q
US Dollar at the Mercy of GDP Data, Yen Up as Markets Eye BOJ

US Dollar at the Mercy of GDP Data, Yen Up as Markets Eye BOJ

2018-07-27 06:30:00
Ilya Spivak, Head Strategist, APAC
Share:

TALKING POINTS – US DOLLAR, GDP, YEN, BOJ

  • US Dollar looking to second-quarter GDP report for direction cues
  • Forecasts see strong growth but recent data disappointments a concern
  • Yen up as markets ponder policy change at next week’s BOJ meeting

US GDP figures are firmly in focus into the end of the trading week. They are expected to show that the annualized growth rate rose to 4.2 percent in the second quarter, the highest in almost four years. A strong print that boosts bets on a fourth Fed rate hike in 2018 is likely to be supportive for the US Dollar. A disappointment echoing recent deterioration in data outcomes relative to forecasts may send it lower.

The Japanese Yen outperformed in otherwise quiet Asia Pacific trade. The move tracked a pickup in local bond yields amid speculation that the BOJ might adjust its monetary policy settings at next week’s meeting. News reports circulating in recent days suggest officials are debating how best to insulate commercial banks from the adverse effects of longer-lasting stimulus as reflation struggles for momentum.

The central bank is reportedly weighing its options. The most aggressive scenario might see an increase in the 10-year JGB yield target or even the policy rate, now at 0 and -0.1 percent respectively. A softer alternative may be to adjust yield curve control tolerance thresholds, allowing rates to go higher before intervening. An even more gradualist approach may be to leave policy as-is but signal that changes are on the horizon.

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

US Dollar at the Mercy of GDP Data, Yen Up as Markets Eye BOJ

** 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

News & Analysis at your fingertips.