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
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
GBP/USD
Bullish
USD/JPY
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
Gold
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
Oil - US Crude
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
Bitcoin
Bullish
More View more
Real Time News
  • European Opening Calls From IG: #FTSE 7554 -0.24% #DAX 13443 -0.54% #CAC 5978 -0.54% #AEX 608 -0.56% #MIB 23576 -0.55% #IBEX 9529 -0.47% #STOXX 3750 -0.51%
  • AUD/USD Technical Analysis: Key Aussie Dollar Support at Risk - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2020/01/23/AUDUSD-Technical-Analysis-Key-Aussie-Dollar-Support-at-Risk.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #technicalanalysis https://t.co/cVBAkQiQAC
  • #Singapore CPI clocked in at 0.8% y/y in December versus 0.7% expected, was the fastest pace since April 2019. $USDSGD trading higher though as the "risk-off" tone in Asia prolongs and is arguably overshadowing monetary policy fundamentals #MAS #SP500 https://t.co/TDNEiRcVBm
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/6n0HiLDDGm
  • For those that have read my #NZD technical special report, my colleague @IlyaSpivak will be discussing the fundamental side of things when he covers New Zealand CPI tomorrow. Signup for the session below! https://t.co/UpehrZ0ml2
  • Will an uptick in New Zealand CPI lift #NZD, or will an already neutral #RBNZ outlook be overshadowed by risk-off selling? Join live coverage of the data release, starting at 21:30 GMT - https://t.co/1uM3FCdxuQ
  • We apologize for any inconveniences, but @CVecchioFX "Central Bank Weekly" webinar will not be occurring later today. We will however be covering the #ECB rate decision, hosted by Analyst @JMcQueenFX, starting at 12:45 GMT. Signup for the session here - https://t.co/jNAAUmQ1j8
  • 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 76.82%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/WZWcYgo7iV
  • Traders undeniably over complicate matters when starting out. However, more complex trading strategies are not necessarily more profitable. Keep your trading strategy simple with these four highly effective indicators: https://t.co/FDOnHdj4sQ https://t.co/WWDL8khdy8
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.25% 🇦🇺AUD: 0.25% 🇨🇭CHF: -0.02% 🇳🇿NZD: -0.12% 🇬🇧GBP: -0.13% 🇨🇦CAD: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JM70E0rhCL
Japanese Yen Tied to Risk Trends Ahead of US Jobs Report

Japanese Yen Tied to Risk Trends Ahead of US Jobs Report

2010-05-29 03:03:00
Ilya Spivak, Sr. Currency Strategist
Share:

The coming week promises to be a decisive one for risk sentiment across financial markets. Friday’s downgrade of Spain’s credit rating by Fitch on the grounds that the country’s debt burden will bring higher borrowing costs and undermine growth underscores the global implications of the EU fiasco for the global recovery at large. Taken together, the European Union amounts to the world’s largest economy; if fiscally responsible EU members take it upon themselves to bail out the spendthrift ones (as is apparently the case), they too will accumulate a large amount of debt, the financing of which will indeed drive bond yields higher and weigh on growth across the region. With Europe thereby tethered and China actively pushing to slow its buoyant economy amid fears of asset bubbles and runaway inflation, this leaves the United States as the sole significant engine of growth left to drive the global recovery.

On balance, this puts the onus on the considerably busy US data docket, with natural emphasis on the Friday release of May’s labor market figures. Expectations call for nonfarm payrolls to rise 508,000 – the largest increase in nearly thirteen years – while the unemployment rate declines to 9.8 percent. If this proves to reassure the markets that a firming US economy can shoulder the burden of dragging the world along the path to recovery even as China and EU put on the brakes, the Japanese Yen is likely to sell off as carry trades advance along with a broad rebound in risky assets.

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

DISCLOSURES

News & Analysis at your fingertips.