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
GBP/USD
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
More View more
Real Time News
  • Heads Up:🇯🇵 BoJ Gov Kuroda Speech due at 05:35 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-27
  • 🇯🇵 Leading Economic Index Final (JUL) Actual: 104.1 Previous: 104.2 https://www.dailyfx.com/economic-calendar#2021-09-27
  • Crude Oil Prices Hit 2-Month High on Supply Squeeze, 2021 Top Eyed - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/09/27/Crude-Oil-Prices-Hit-2-Month-High-on-Supply-Squeeze-2021-Top-Eyed.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #OOTT #crudeoil https://t.co/Rx9kbVPlys
  • 🇯🇵 Leading Economic Index Final (JUL) Actual: 104.1 Previous: 104.6 https://www.dailyfx.com/economic-calendar#2021-09-27
  • 🇯🇵 Coincident Index Final (JUL) Actual: 94.4 Previous: 94.6 https://www.dailyfx.com/economic-calendar#2021-09-27
  • Heads Up:🇯🇵 Coincident Index Final (JUL) due at 05:00 GMT (15min) Previous: 94.6 https://www.dailyfx.com/economic-calendar#2021-09-27
  • Heads Up:🇯🇵 Leading Economic Index Final (JUL) due at 05:00 GMT (15min) Previous: 104.6 https://www.dailyfx.com/economic-calendar#2021-09-27
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqi8ZEe https://t.co/I4C6fBkYPe
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIasun https://t.co/Iqa6geONY6
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (AUG) due at 01:30 GMT (15min) Previous: 57.3% https://www.dailyfx.com/economic-calendar#2021-09-27
Yen Up as Risk Appetite Sours But Market Mood Swings May Mislead

Yen Up as Risk Appetite Sours But Market Mood Swings May Mislead

Ilya Spivak, Head Strategist, APAC

TALKING POINTS – YEN, STOCKS, FRANC, US DOLLAR, EURO, GERMAN CPI

  • Japanese Yen, Swiss Franc higher as risk appetite sours once again
  • US Dollar broadly pressured as 2019 Fed rate hike bets evaporate
  • Euro may edge lower as CPI drop puts dovish ECB in the spotlight

Seesawing sentiment trends continued to define G10 FX price action in Asia Pacific trading hours. A late-day downturn in risk appetite sent Japan’s benchmark Nikkei 225 stock index lower, boosting the perennially anti-risk Yen. The similarly-minded Swiss Franc also traded higher.

The US Dollar was the weakest on the session in what appears to reflect deteriorating Fed interest rate hike expectations. The priced-in tightening path for 2019 reflected in Fed Funds futures now implies a mere 12 percent chance of any increase even as the central bank itself calls for a 50bps upshift.

MARKET MOOD SWINGS MAY MISLEAD, EURO AT RISK ON GERMAN CPI

Bellwether S&P 500 futures are sending mixed signals about what to expect ahead. Earlier gains have been erased and now the pendulum seems to have swung in favor of risk aversion. Thinning liquidity ahead of the New Year holiday weekend warns against taking any such cues at face value however.

Still, the balance of risks menacing investors probably means the path of least resistance leads to the risk-off side of the sentiment spectrum. A partial US government shutdown persists, the outlook for global growth has darkened, the ceasefire in the US-China trade war looks fragile and Brexit is mired in uncertainty.

German CPI data headlines the European data docket. The headline on-year inflation rate is expected to drop to 1.9 percent, the lowest in eight months. That may see the Euro retrace some of its recent strength as traders are reminded that the ECB is unlikely to be raising interest rates any time soon.

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