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.

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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Silver prices plummeted over 8% on Monday, registering their largest single-day swing seen in more than one month. The potential cross over of its 20-Day SMA below 50-Day SMA is likely to form a “Death Cross”, which is a mid-term bearish indicator. https://t.co/N6OHzhZOzR
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/C2rRzTLN03
  • As the clock is ticking on US Presidential Election – an event that is highly important and may carry significant amount of uncertainty. Will you ride the volatility or stay on the sideline until the political skies are cleared in November? https://t.co/5EXpzyXHct
  • Wall Street Futures edged higher at Asia opening hours: Dow Jones (+0.12%) S&P 500 (+0.13%) Nasdaq 100 (+0.13%) [delayed] -BBG
  • Join @DanielGMoss's #Webinar at 10:00 PM ET/2:00 AM GMT for his weekly coverage of trading prep for $AUDUSD in the week ahead. Register here: https://t.co/wi1qabrtHJ https://t.co/bmOoBpGlZs
  • $AUDUSD dipping in morning APAC trade following a speech from #RBA Governor Guy Debelle He mentioned that an option possibly being considered for other policy prescriptions is to buy bonds 'further out along the curve' (relatively dovish) https://t.co/JXQktfCrj0 https://t.co/Xbyhuuy5b6
  • RBA's Debelle: 'Mixed' empirical evidence on negative rates, TFF increase is substantial easing of monetary policy -BBG #RBA $AUDUSD
  • RBA's Debelle: Lower #AUD would benefit economy, watching closely. FX intervention not effective in current circumstance -BBG $AUDUSD #RBA
  • RBA Deputy Governor Debelle: Reducing yield target, TFF rate possible policy option. RBA continues to assess other policy options -BBG
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/QwmBEeg3A4
Yen Rise May Resume as Market Sentiment Sours Anew

Yen Rise May Resume as Market Sentiment Sours Anew

2019-01-23 07:30:00
Ilya Spivak, Head Strategist, APAC
Share:

TALKING POINTS – YEN, DAVOS, WORLD ECONOMIC FORUM, AUSTRALIAN DOLLAR

  • Yen drops, commodity dollars rise as risk appetite firms in APAC trade
  • Anxious commentary form Davos forum may trigger risk aversion anew
  • S&P 500 futures erase early-Wed gains, bolstering case for risk-off bias

The anti-risk Japanese Yen traded broadly lower while the sentiment-geared Australian, Canadian and New Zealand Dollars rose in Asia Pacific trade. These moves appear to be corrective in the context of yesterday’s market-wide bloodletting. The Kiwi outperformed, receiving an added boost form better-than-expected inflation data.

The upbeat mood may prove to be short-lived. Anxious commentary emerging from the on-going World Economic Forum in Davos, Switzerland may trigger another rout as leading policymakers and financial market bigwigs opine on the many headwinds facing the global economy. These include the US-China trade war, accelerating quantitative tightening and wobbly politics in much of the G10.

Tellingly, bellwether S&P 500 futures have retreated to trade flat ahead of the opening bell in London having been up nearly 0.4 percent in APAC trade. That seems to reinforce the sense that de-risking remains the dominant trajectory for global markets, with the rosier dynamics recorded early Wednesday representing digestion rather than reversal.

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

ASIA PACIFIC TRADING SESSION

Yen Rise May Resume as Market Sentiment Sours Anew

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