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.



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
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
Wall Street
More View more
Real Time News
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX!
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • The US Dollar may seesaw as investors navigate what could be a volatile week packed with US GDP data, rising Covid-19 cases, Q3 corporate earnings and more. Get your #currencies update from @ZabelinDimitri here:
  • USD/MXN pushes lower towards a critical support level in the midst of continued political uncertainty. Get your #currencies update from @HathornSabin here:
  • Gold Forecast - via @DailyFX “Gold price outlook still hinges on stimulus deal expectations and corresponding swings in real yields.” What will I have my eyes on in the week ahead? Link to Analysis: $GC_F $XAUUSD $GLD
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Talks between the EU and UK restarted today and will continue over the weekend as negotiators from both sides battle against the clock. Get your #currencies update from @nickcawley1 here:
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
Yen Rallies Marginally as Japan's Merchandise Trade Balance Down Sharply

Yen Rallies Marginally as Japan's Merchandise Trade Balance Down Sharply

2012-06-20 06:05:00
Gary Kerdus,

THE TAKEAWAY: Japan merchandise trade balance negative ¥907.3 Billion > Yen slightly strengthened > Markets wait for FOMC rate decision.

Merchandise Trade balance for Japanese goods fell short of expectations by roughly ¥363 billion with imports exceeding exports by ¥907.3 billion. The economy has been steadily oscillating towards trade deficits since December 2010. A negative balance may lead to future currency depreciation as the net flow of goods entering the economy requires that Yen is sold and converted to purchase goods.

The Yen moved higher despite the possibility that policy makers may be encouraged to intervene and weaken the currency which could help ease the pressure on weak exports. However, a likely catalyst underscoring the move higher is that participants may be looking ahead to the FOMC rate decision later today at 16:30 GMT along with the prospect of further quantitative easing. If additional stimulus measures are taken, then it’s possible that demand for US treasuries could increase potentially causing downward pressure on US yields. The subsequent result may lead to a less attractive dollar versus the Yen.

Yen_Rallies_Marginally_as_Japans_Merchandise_Trade_Balance_Down_Sharply_body_Picture_4.png, Yen Rallies Marginally as Japan's Merchandise Trade Balance Down Sharply

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