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
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bearish
GBP/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
USD/JPY
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
More View more
Real Time News
  • The trio of central banks overseeing the commodity currencies have already cut their main rates to all-time lows. Get your market update from @CVecchioFX here: https://t.co/OSUXrN5P3j https://t.co/3nwDel6e28
  • The tension from March continues to subside, allowing for the $USD to slide to fresh two-month-lows. Get your currencies market update from @JStanleyFX here: https://t.co/bRSRjUqg6Z https://t.co/Q35YpIZEd2
  • López Obrador hopes #USMCA will help tighten trade relationships between the US and Mexico. Get your currencies market update from @HathornSabin here: https://t.co/bZrUKSCGaS https://t.co/MZ7UoiWWRj
  • The $AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal. Get your market update from @ZabelinDimitri here: https://t.co/LkEFJViPWY https://t.co/sofO135ElG
  • The US Dollar could rise against #ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data. Get your ASEAN currencies market update from @ddubrovskyFX here:https://t.co/LkEFJViPWY https://t.co/ZGFaQQ3Hr2
  • The #Euro is the big driver here for DXY as it is 57% of the index. It is rising now and trying to break above the March 27 high at 11147. Get your $EURUSD technical analysis from @PaulRobinsonFX here:https://t.co/6gt3F9LuGP https://t.co/73SaL5AeXD
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/EIC9YqfTec
  • Anybody else think that casting directors in movies are some of the most underrated people when it comes to giving a film/series credit?
  • No https://t.co/EoBltaP17k
  • Crude #oilprices may face heightened liquidation pressure as the cycle-sensitive #commodity finds itself under the pressure of resilient resistance and a vulnerable, multi-week rising channel. Get your crude #oil market update from @ZabelinDimitri here: https://t.co/cGPX4qcOH1 https://t.co/0U4JMJVFuf
Yen, US Dollar May Rise as Brexit Turmoil Sours Market Mood

Yen, US Dollar May Rise as Brexit Turmoil Sours Market Mood

2018-11-15 07:30:00
Ilya Spivak, Head Strategist, APAC
Share:

TALKING POINTS – BREXIT, BRITISH POUND, YEN, US DOLLAR, AUSSIE DOLLAR

  • Pound may fall further as UK PM May brings Brexit deal to Parliament
  • Yen, US Dollar may rise if hostile MPs stoke broader-based risk aversion
  • Australian Dollar jump on upbeat labor market report may not be lasting

The British Pound turned broadly lowerin Asia Pacific trade. UK Prime Minister Theresa May managed to secure a Brexit deal with her EU counterparts and even managed to have it “grudgingly” approved by her cabinet, but eurosceptic members of her own Conservative Party have lined up in opposition. In fact, the road to parliamentary approval looks so treacherous that it may yet cost Mrs May her job.

BREXIT DEAL TURMOIL MAY SOUR MARKET SENTIMENT

The infighting comes at a critical time. Brexit is scheduled to happen in March and everyone needs to be on the same page to avoid a destabilizing no-deal divorce that will almost certainly roil financial markets and destabilize the economy. Not surprisingly, worries about such an outcome sent investors scrambling out of GBP-denominated assets.

The Prime Minister is due to explain the deal in Parliament today. In the absence of otherwise eye-catching scheduled event risk, how it is greeted will probably set the stage for overall G10 FX price action in European trade. A hostile reception that portends rebellion and instability may transmit selling pressure beyond Sterling and trigger broad-based risk aversion, boosting the anti-risk Japanese Yen and US Dollar.

AUSSIE DOLLAR UPTICK MAY BE SHORT-LIVED

Meanwhile, the Australian Dollar roared higher, leading the way against its G10 FX counterparts after an impressive set of labor-market statistics. The currency rose alongside local bond yields, showing the upbeat result inspired a hawkish shift in RBA policy bets. Still, a rate hike is not priced in until late 2019 at the earliest, which may crimp upside follow-through.

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

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

News & Analysis at your fingertips.