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
Real Time News
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/3bjMHrUZRJ
  • 🇹🇭 Balance of Trade (AUG) Actual: $-1.22B Expected: $0.97B Previous: $0.18B https://www.dailyfx.com/economic-calendar#2021-09-24
  • Heads Up:🇹🇭 Balance of Trade (AUG) due at 03:30 GMT (15min) Actual: $-1.22B Expected: $0.97B Previous: $0.18B https://www.dailyfx.com/economic-calendar#2021-09-24
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/DWm7cC4v7H https://t.co/uhBNvCTHrW
  • Evergrande USD bondholders say have yet to receive interest due Thursday -BBG
  • The US Dollar seems to be back on the offensive against its major counterparts, pressuring EUR/USD and NZD/USD lower as USD/JPY consolidates. USD/CHF surges past key resistance. Get your market update from @ddubrovskyFX here:https://t.co/MrLGSp7FYa https://t.co/J0vSWHaADc
  • Gold prices gain as potential systemic risks out of China's Evergrande Group roil broader markets. Meanwhile, iron ore is ticking higher after a big drop on Monday as China steps up steelmaking curbs. Get your market update from @FxWestwater here:https://t.co/l4kAWDrr7M https://t.co/nmP0MX8LGM
  • 🇯🇵 Core Inflation Rate YoY (AUG) Actual: 0.0% Expected: 0% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-09-23
  • 🇯🇵 Inflation Rate Ex-Food and Energy YoY (AUG) Actual: -0.5% Previous: -0.6% https://www.dailyfx.com/economic-calendar#2021-09-23
  • 🇯🇵 Inflation Rate YoY (AUG) Actual: -0.4% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2021-09-23
Yen May Continue Higher as Global Slowdown Fears Grip Markets

Yen May Continue Higher as Global Slowdown Fears Grip Markets

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – YEN, AUSSIE DOLLAR, STOCKS, US DOLLAR, RETAIL SALES

  • Yen up, Aussie and NZ Dollars down as stocks plunge in APAC trade
  • S&P 500 futures hint risk aversion likely to continue through week-end
  • US retail sales data may pass unnoticed with FOMC meeting in focus

The sentiment-linked Australian and New Zealand Dollars fell alongside stocks while the anti-risk Japanese Yen rose as investors’ mood darkened in Asia Pacific trade. An MSCI gauge tracking regional performance shed more than 1 percent.

Worries about slowing global growth appeared to be at work. The first wave of selling may have reflected a response to downbeat comments from the European Central Bank. Selling pressure as then compounded by a disappointing batch of Chinese economic data.

More of the same looks likely ahead. Bellwether S&P 500 futures are pointing sharply lower, suggesting the price action patterns witnessed in APAC trading hours have scope for follow-through into the end of the trading week.

US RETAIL SALES DATA MAY PASS UNNOTICED, FOMC IN FOCUS

A lackluster European data docket leaves the US retail sales report as the week’s last noteworthy statistical release. Headline receipts growth is expected to slow, but this may reflect little more than plunging crude oil prices. Indeed, stripping gas out of the equation is expected to reveal a pickup in sales elsewhere.

In any case, the figures are unlikely to have a meaningful impact on the US Dollar absent an improbably wild deviation from consensus forecasts. Traders are almost certainly focused on next week’s FOMC rate decision at this point, making them unlikely to show strong directional commitment in the interim.

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

Europe 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