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
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
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.40%, while traders in US 500 are at opposite extremes with 78.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BjVYnfsHXz
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: 0.62% Silver: 0.36% Oil - US Crude: -1.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/llYX3VfKF3
  • $EURGBP: A close above the high end of the zone cancels the last bearish signal and could trigger a rally towards 0.9015. Get your EUR/GBP technical analysis from @malkudsi here: https://t.co/vrZ2LODXky https://t.co/h1ksnzHtlO
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.14% 🇯🇵JPY: -0.03% 🇳🇿NZD: -0.04% 🇪🇺EUR: -0.23% 🇬🇧GBP: -0.28% 🇦🇺AUD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XaAYYsiHDf
  • $EURGBP: los avances encuentran resistencia ante la reunión monetaria del #BCE #PEPP #trading https://t.co/qgCAFZm8xO
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.57% US 500: -0.61% Wall Street: -0.63% France 40: -0.76% Germany 30: -0.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/587ISZaa3R
  • BoE's Executive Director Hauser says negative rates won't happen in the near-term even if it decided it is right thing to do $GBP
  • 🇬🇷 GDP Growth Rate QoQ Actual: -1.6% Previous: -0.7% https://www.dailyfx.com/economic-calendar#2020-06-04
  • 🇬🇷 GDP Growth Rate YoY Actual: -0.9% Previous: 1% https://www.dailyfx.com/economic-calendar#2020-06-04
  • Heads Up:🇬🇷 GDP Growth Rate QoQ due at 09:00 GMT (15min) Previous: -0.7% https://www.dailyfx.com/economic-calendar#2020-06-04
Yen, US Dollar Rise as Market Mood Sours Despite China Stimulus

Yen, US Dollar Rise as Market Mood Sours Despite China Stimulus

2019-01-17 07:30:00
Ilya Spivak, Head Strategist, APAC
Share:

TALKING POINTS – CHINA, HUAWEI, TRADE WAR, US SHUTDOWN, DOLLAR, YEN

  • Yen up, commodity bloc FX down despite record PBOC cash injection
  • US probe of Huawei hints at trouble in US-China trade war negotiations
  • S&P 500 futures hint risk aversion to continue in European, US trade

The sentiment-geared Australian, Canadian and New Zealand Dollars sank alongside US stock index futures in Asia Pacific trade, seemingly ignoring gains on most local bourses. They traded higher after the PBOC dialed up monetary stimulus with a record-setting liquidity injection of CNY380 billion.

Broader financial seemed unconvinced however. The Japanese Yen – a standby regional anti-risk outlet –outperformed against its G10 FX counterparts. The US Dollar also traded broadly higher, with traders apparently rediscovering the benchmark unit’s haven appeal.

Global slowdown fears seem to be a major contributor poisoning investors’ mood. That’s after the White House downgraded projections to say that the ongoing US government shutdown will cost 0.13 percentage points of quarterly GDP growth per week.

Possible signs of escalation in the US-China trade war probably compounded negativity. Chinese technology giant Huawei was reported to be the subject of a US industrial espionage probe. Intellectual property theft is a major US gripe with China, making the move appear like something of a negotiating tactic.

Bellwether S&P 500 futures are pointing convincingly lower, hinting the risk-off moves defining major currencies in APAC hours have scope for follow-through. Traders would be wise to proceed with caution however. Sensitivity to headline risk remains unusually high, warning of seesaw volatility.

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

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

News & Analysis at your fingertips.