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
EUR/USD
Bearish
Oil - US Crude
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
Wall Street
Mixed
Gold
Bearish
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
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:https://t.co/7kPzAoNoLG https://t.co/5lbyBJeeA7
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here: https://t.co/lAFyv1gM0P https://t.co/ubLimoYAcr
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:https://t.co/QQwAZTxZFg https://t.co/4cRhRCiv3C
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:https://t.co/3UIKmbLIvD https://t.co/PY2YyH4vkQ
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:https://t.co/3wsYlSxd26 https://t.co/z2qB9p8IgX
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook! https://t.co/kAvpnb0EXO
  • 4 consecutive down weeks for the #SP500, last matched over a year ago #Fed balance sheet continues to gain very cautiously, now at its highest since the middle of June. Still, at slower pace than last week Focus shifts to US fiscal stimulus next week in the House of Reps https://t.co/f8zpSILm86
  • #Gold prices have broken lower and while the broader technical structure is constructive, the risk remains for a deeper correction before resumption. Get your $XAUUSD technical analysis from @MBForex here: https://t.co/7p3jPx6nQd https://t.co/nnCSdt6OV5
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.00% 🇳🇿NZD: -0.02% 🇯🇵JPY: -0.15% 🇨🇭CHF: -0.23% 🇦🇺AUD: -0.25% 🇪🇺EUR: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/O8Qb7OHZza
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.30% Gold: -0.33% Silver: -0.92% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/lEALo4Z1M9
Yen, Franc and US Dollar Fall in Cheery Markets. Will This Last?

Yen, Franc and US Dollar Fall in Cheery Markets. Will This Last?

2018-10-19 06:53:00
Ilya Spivak, Head Strategist, APAC
Share:

TALKING POINTS – YEN, US DOLLAR, FRANC, AUSSIE DOLLAR, STOCKS

  • Yen, Franc, US Dollar fall as commodity currencies rise in risk-on trade
  • FTSE 100, S&P 500 futures hint at upbeat mood through the week-end
  • Rebound in risk appetite unlikely to be lasting as marquee fears remain

Corrective flows defined G10 FX price action in Asia Pacific trading hours. The Japanese Yen, Swiss Franc and US Dollar – all beneficiaries of yesterday’s risk-off push – traded broadly lower. At the opposite end of the sentiment spectrum, the Australian, Canadian and New Zealand Dollars traded higher.

A lull in top-tier scheduled event risk seems to be allowing investors a bit of room to rebalance exposure ahead of the week-end. A sharp rebound in Chinese share prices probably helped. The benchmark CSI 300 index is on pace to add over 2 percent after hitting the lowest level in almost three years.

Sentiment trends are likely to remain at the forefront. Benchmark FTSE 100 and S&P 500 index futures are pointing higher before the opening bell in London and New York, hinting that the risk-on bias aims to prevail through the closing bell on Wall Street.

RISK APPETITE RECOVERY UNLIKELY TO LAST

Critically, none of the headwinds souring investors’ mood in recent sessions have been diminished. Italy remains on course for a clash with EU authorities, a Brexit deal is still elusive and the ascent of anti-establishment political leaders across the world is fueling broad-based uncertainty.

Rising borrowing costs are encouraging the move toward de-risking. The Federal Reserve looks firmly committed to press on with steep interest rate hikes all the while balance sheet reduction gathers steam. This is amplified by the unwinding of ECB QE.

Put simply, the markets are becoming increasingly challenging even as the cost of making a mistake increases. Traders are likely to be more defensive against this backdrop. That hints at further gains for the Yen, Franc and US Dollar at the expense of stocks as well as cycle-linked commodities and currencies.

See our forecasts for currencies, commodities and equities to learn what will drive prices in Q4!

ASIA PACIFIC TRADING SESSION

Asia Pacific Trade Economic Calendar

EUROPEAN TRADING SESSION

European Trade 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