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
Bullish
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
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
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇰🇷 Business Confidence (NOV) due at 21:00 GMT (15min) Previous: 79 https://www.dailyfx.com/economic-calendar#2020-11-24
  • Canadian Dollar Price Outlook: USD/CAD Drops to Key 1.30-Level as Crude Oil Surges -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2020/11/24/usd-cad-price-outlook-canadian-dollar-climbs-with-crude-oil.html $USDCAD $CAD $CL_F #FX #Forex #OOTT https://t.co/MHRzYq6QfH
  • RT @RiskReversal: Join @GuyAdami & @RiskReversal for The Macro SetUp sponsored @IG_US. This week we discuss the FOMO gripping equity invest…
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.20% Silver: -1.57% Gold: -1.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ZzDjahQjms
  • I was very fortunate to have the opportunity to sit down and talk with @GuyAdami and @RiskReversal earlier this morning, where we discussed a number of hot topics in the market Give it a watch - https://t.co/hRFEpt1W26
  • EUR/GBP rates have struggled to gain traction one way or the other in recent weeks, producing choppy trading conditions. But a bearish breakout may be gathering pace. Get your $EURGBP market update from @CVecchioFX here:https://t.co/IK2CtpwwUi https://t.co/bxOmULuH8P
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.16%, while traders in NZD/USD are at opposite extremes with 72.74%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/CpBbonbT6n
  • What will the Dow hit next?
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: US 500: 1.56% Wall Street: 1.47% FTSE 100: 0.35% France 40: 0.25% Germany 30: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/1R6Wb98hPo
  • What is going on with #Bitcoin
US Dollar, Yen May Rise as Trade War Worries Sour Market Mood

US Dollar, Yen May Rise as Trade War Worries Sour Market Mood

2018-09-17 06:30:00
Ilya Spivak, Head Strategist, APAC
Share:

TALKING POINTS – US DOLLAR, EURO, YEN, TRADE WARS

  • US Dollar may find support in haven flows after pullback in APAC trade
  • Japanese Yen may rise as US, European bourses follow Asia downward
  • Euro unlikely to find lasting directional lead from regional CPI revision

The US Dollar corrected cautiously lower against most of its major counterparts at the start of the trading week. The move tracked a pullback in Treasury bond yields. The overall move seemed to be corrective after the greenback rose with benchmark US lending rates against the backdrop of a hawkish shift in Fed policy bets on Friday, as expected.

Looking ahead, sentiment trends may emerge as the driver du jour for G10 FX. Sentiment soured in Asia Pacific trade amid renewed trade war worries. Futures tracking the FTSE 100 and S&P 500 equity benchmarks are trading lower before the opening bell in London and New York, hinting at more of the same ahead. That might revive haven support for USD as well as boost the perennially anti-risk Japanese Yen.

A revised set of Eurozone CPI statistics headlines an otherwise dull offering on the European data docket. The headline on-year inflation rate is expected to be adjusted slightly lower to 2 percent from the 2.1 percent reported in preliminary figures. The outcome seems unlikely to mean much for the Euro after the ECB signaled near-term policy is essentially on autopilot last week.

See our study on the history of trade wars to learn how it might influence financial markets!

ASIA PACIFIC TRADING SESSION

Asia Pacific Trading Session Economic Calendar

EUROPEAN TRADING SESSION

US Dollar, Yen May Rise as Trade War Worries Sour Market Mood

** 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