Never miss a story from Ilya Spivak

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Ilya Spivak

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.


  • NZ Dollar bounces from two-week low following business confidence data
  • Yen may trim APAC session gains as S&P 500 futures hint at risk-on bias
  • US Dollar may fall as markets position for a dovish FOMC rate decision

The New Zealand Dollar outperformed in Asia Pacific trade, enjoying support from nominally upbeat business confidence data. The figures seemed to trigger a correction from the two-week low where the currency has been lingering after last Friday’s plunge. The Japanese Yen dutifully rose as regional stocks declined, boosting the perennially anti-risk currency.

Looking ahead, a quiet offering on the economic data front in Europe and the US seems likely to keep sentiment trends at the forefront. Bellwether S&P 500 futures are mounting a spirited recovery ahead of the opening bell on Wall Street, hinting that a rebound may be ahead after yesterday’s blood-letting. That seems reasonable as traders neutralize exposure ahead of the upcoming FOMC rate decision.

The Yen may give back some of its latest advance against this backdrop while sentiment-geared commodity bloc currencies find support. The US Dollar may find itself on the defensive as investors position for a dovish turn in Fed rhetoric. Indeed, the priced-in 2019 rate hike path has flattened in anticipation, with even one increase next year now seen as uncertain. Such skepticism seems likely to be disappointed however.

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


Asia Pacific Trading Session Economic Calendar


European Trading Session Economic Calendar

** All times listed in GMT. See the full economic calendar here.


--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter