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
Mixed
Oil - US Crude
Bearish
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • SINGAPORE Q1 GDP -4.7% q/q annualized vs -8.2% expected, -10.6% earlier estimate #USDSGD
  • Heads Up:🇸🇬 GDP Growth Rate YoY Final due at 00:30 GMT (15min) Actual: -0.7% Expected: -1.5% Previous: 1% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇸🇬 GDP Growth Rate QoQ Final due at 00:30 GMT (15min) Actual: -4.7% Expected: -7.4% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2020-05-26
  • On Friday, EUR/GBP surged to an over six-week high at 0.8940 then closed the weekly candlestick in the green with a 2.3% gain. Get your $EURGBP market update from @malkudsi here: https://t.co/ln09Ijn7rd https://t.co/oOiE19ZCuW
  • Heads Up:🇸🇬 GDP Growth Rate YoY Final due at 00:00 GMT (15min) Expected: -1.5% Previous: 1% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇸🇬 GDP Growth Rate QoQ Final due at 00:00 GMT (15min) Expected: -7.4% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2020-05-26
  • 🇳🇿 Balance of Trade Actual: N$1267M Previous: N$722M https://www.dailyfx.com/economic-calendar#2020-05-25
  • 🇳🇿 Balance of Trade Actual: N$1,267M Previous: N$672M https://www.dailyfx.com/economic-calendar#2020-05-25
  • Heads Up:🇳🇿 Balance of Trade due at 22:45 GMT (15min) Previous: N$672M https://www.dailyfx.com/economic-calendar#2020-05-25
  • Crude oil prices wilted in Asia on Friday despite a strong start as news that China will impose more stringent control over Hong Kong saw a broad retreat for market risk appetite. Get your #oil market update from @DavidCottleFX here: https://t.co/89SH5T3315 https://t.co/awlGiVCVpc
Yen May Continue Higher as Apple Revenue Cut Roils Markets

Yen May Continue Higher as Apple Revenue Cut Roils Markets

2019-01-03 07:30:00
Ilya Spivak, Head Strategist, APAC
Share:

TALKING POINTS – YEN, AUSTRALIAN DOLLAR, APPLE, STOCKS, POUND, BREXIT

  • Yen soars, Aussie Dollar falls as Apple Inc revenue cut sours sentiment
  • British Pound down as UK companies prepare for “disruptive” Brexit
  • S&P 500 futures suggest the risk-off mood likely to find follow-through

The anti-risk Japanese Yen soared in Asia Pacific trade after Apple Inc slashed first-quarter revenue figures. Similarly-minded Swiss Franc and US Dollar also rose while the Australian Dollar led sentiment-geared FX downward. Apple CEO Tim Cook cited an unexpectedly severe growth slowdown in emerging markets and hinted at the US-China trade war as a leading culprit behind the revenue downgrade.

The British Pound declined, building on the prior day’s heavy selling. That drop came amid concerns about the looming threat of a “no-deal” Brexit. That followed manufacturing PMI data showing inventories surged last month. The closely-watched survey from Markit Economics chalked up the build in stockpiles to companies stepping up preparations for a “potentially disruptive” UK exit from the European Union.

YEN MAY EXTEND GAINS AS MARKET MOOD SOURS

Looking ahead, a lackluster offering on the European data docket seems likely to keep risk appetite trends at the forefront. Bellwether S&P 500 futures are pointing convincingly lower, hinting that trading patterns prevailing in APAC hours are likely to find follow-through as the tone across global markets remains defensive. A soft manufacturing ISM survey may amplify the dour mood.

See our market forecasts to learn what will drive currencies, commodities and stocks in Q1!

ASIA PACIFIC TRADING SESSION

No data.

EUROPEAN TRADING SESSION

DailyFX Economic Calendar European Trading Session

** 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.