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
Bearish
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
USD/JPY
Mixed
Gold
Mixed
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
Mixed
Bitcoin
Mixed
More View more
Notice

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • What is the @ecb (European Central Bank)? What are the key mandates of the bank and how can it affect the #forex market? Find out: https://t.co/romV4hPQJv https://t.co/4nlCaUNhpD
  • Your psychology has a significant impact on the decisions you make, particularly if you are new to trading. How can you avoid your emotions from turning you into a #FOMO trader? Find out: https://t.co/FC7CHpk9vA #FOMOintrading https://t.co/WSDr3JkpAG
  • $AUDUSD: Short-term support could lead-in to a quick bounce up to resistance as taken from another prior support level, plotted around the .6830 level on the chart. Get your market update from @JStanleyFX here: https://t.co/tUoe1Roo5t https://t.co/omaDxGNhZU
  • Central bank independence has several advantages. Find out what they are in detail with @MartinSEssex here: https://t.co/wVFXbbTxf1 https://t.co/cQQmuH8biQ
  • The US Dollar remains in consolidation mode against the Philippine Peso and Indian Rupee. Will the Singapore Dollar weaken as $USDSGD rising support holds ahead? Find out from @ddubrovskyFX here: https://t.co/HZ8Loqj3Ey https://t.co/6PCFkdj3ka
  • Follow @DailyFXedu for your regular #webinar updates with @DailyFX analysts and catch up on the webinars you missed. https://t.co/Da10QUg9r1
  • Greed has proven to be a hindrance more than assistance for traders. How does greed lead to #FOMOintrading? Find out from @RichardSnowFX here: https://t.co/aT8TZjlFqP https://t.co/Le8Qx6OOwV
  • $GBPUSD at the moment break-even straddles = 152pips meaning that for option traders to realize gains, the spot price must see a move greater than 152pips. Get your market update from @JMcQueenFX here: https://t.co/odj2lLRrGf https://t.co/RXCBwHGluG
  • $EURGBP has fallen over 6% since August and is now rapidly approaching a critical support level not reached since May. Will a break below accelerate the aggressive selloff? Find out from @ZabelinDimitri here: https://t.co/CBM8Fg7vM0 https://t.co/0yDnEpzQqR
  • The #Euro is struggling for direction against the US Dollar but the near-term downtrend guiding it lower since late June remains firmly intact. Where is $EURUSD heading? Get your technical analysis from @IlyaSpivak here: https://t.co/us6AINmuoe https://t.co/J4hQtyprYf
Yen and US Dollar Aim Higher Amid Global Slowdown Worries

Yen and US Dollar Aim Higher Amid Global Slowdown Worries

2019-02-15 07:30:00
Ilya Spivak, Sr. Currency Strategist
Share:

TALKING POINTS – YEN, DOLLAR, RETAIL SALES, CHINA CPI, CONSUMER CONFIDENCE

  • Yen, US Dollar rise as APAC stocks fall on global slowdown fears
  • Aussie Dollar leads commodity FX lower on soft China CPI report
  • Stock futures signal risk-off bias, US consumer confidence on tap

The perennially anti-risk Japanese Yen and US Dollar traded higher while the risk-geared Australian and New Zealand Dollars followed stocks lower in Asia Pacific trade. The Aussie underperformed, brought lower by disappointing Chinese inflation data.

That released seemed to amplify global slowdown fears activated by a dismal miss on US retail sales data in the preceding session. Chatter warning of slow progress in US-China trade talks added to the downbeat mood. Regional shares dutifully followed Wall Street lower.

STOCK FUTURES SIGNAL RISK-OFF BIAS, US CONSUMER CONFIDENCE DATA DUE

Bellwether European and US stock index futures are pointing sharply lower, suggesting that sentiment is likely to continue to deteriorate in the hours ahead. That suggests APAC-session G10 FX trading patterns have scope for continued follow-through.

A lackluster offering on the European data docket may put February’s edition of the University of Michigan gauge of US consumer confidence in the spotlight. Sentiment is expected to improve after hitting the most pessimistic setting since October 2016 in the preceding month.

An upbeat result may help paint yesterday’s retail data disappointment as dated, especially in the context of January’s impressively strong labor-market data. That might revive investors’ spirits somewhat, but the release might come too late into the trading day to meaningfully alter overall performance.

What are we trading? See the DailyFX team’stop trade ideas for 2019 and find out!

ASIA PACIFIC TRADING SESSION

Asia Pacific Trade Economic Calendar

EUROPEAN TRADING SESSION

Yen and US Dollar Aim Higher Amid Global Slowdown Worries

** 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

provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.