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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
More View more
Real Time News
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here:
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The Australian Dollar still remains vulnerable as it extends losses against its major counterparts. What is the road ahead for AUD/USD, AUD/JPY, AUD/NZD and AUD/CAD? Get your AUD technical forecast from @ddubrovskyFX here:
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • EUR/USD tumbled last week on the day of the ECB’s latest policy announcement, and that weakness is set to continue this week as a flood of major Eurozone economic statistics is released. Get your weekly Euro forecast from @MartinSEssex here:
Japanese Yen Unfazed By BoJ Easing- Eyes 77.00 Ahead Of October

Japanese Yen Unfazed By BoJ Easing- Eyes 77.00 Ahead Of October

David Song, Strategist
Japanese_Yen_Unfazed_By_BoJ_Easing-_Eyes_7700_Ahead_Of_October_body_Picture_1.png, Japanese Yen Unfazed By BoJ Easing- Eyes 77.00 Ahead Of October

Fundamental Forecast for Japanese Yen: Bullish

The Japanese Yen gained ground against its U.S. counterpart even as the Bank of Japan eased monetary policy at the September meeting, and USDJPY may continue to give back the rebound from 77.12 as positive real interest rates in the world’s third-largest economy increases the appeal of the Yen. Indeed, the BoJ surprised the market as the central bank voted unanimously to expand its asset-purchase program by JPY 10B to JPY 55B, and it seems as though the board will continue to embark on its easing cycle as it aims to achieve the 1% target for inflation.

Although the BoJ kept its government debt-buying program (Rinban) at JPY 1.8B, the central bank noted that it would remove the minimum bid yield for its bond purchases, and the move appears to be fueling speculation for negative interest rates as Governor Masaaki Shirakawa continues to rely on the non-standard measure to shore up the ailing economy. As the BoJ sees economic activity coming to a ‘pause,’ we anticipate the central bank to carry its easing cycle into the following year, and Governor Shirakawa may come under increased pressure to stem the persistent strength in the local currency as government officials continue to look for an export-led recovery. At the same time, the International Monetary Fund warned that it will lower the global growth ‘by a few decimal points’ amid the slowdown in the world economy, and the economic docket for the following week may continue to highlight the threat for deflation as the National Consumer Price Index is expected to weaken further in August.

As the outlook for growth and inflation deteriorates, the BoJ should continue to strike a very dovish tone for monetary, but we may see the Yen continue to gain ground against its major counterparts amid positive real interest rates in Japan. In turn, we may see renewed bets for a currency intervention as the exchange rate appears to be making another run at the 77.00 figure, and the dollar-yen may set a fresh monthly low going into the end of September should currency traders continue to scale back their appetite for risk. - DS

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