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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading 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:
  • The Australian Dollar remains vulnerable in the week ahead, eyeing risks such as a dovish RBA, surging Covid cases and recent crackdowns by Beijing. Might US NFPs offer some relief to AUD/USD? Get your weekly AUD forecast from @ddubrovskyFX here:
  • $AUDNZD closed at its lowest since December 2020 Prices pierced the 1.0541 - 1.0564 support zone, exposing the November low at 1.0418 A confirmatory downside close under support next week may open the door to further losses #AUD #RBA
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • The US Dollar seems to be losing its momentum against ASEAN currencies as of late. Could this be another top in USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX 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:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.10% 🇪🇺EUR: -0.15% 🇯🇵JPY: -0.18% 🇬🇧GBP: -0.39% 🇳🇿NZD: -0.56% 🇦🇺AUD: -0.69% View the performance of all markets via
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: -0.05% Oil - US Crude: -0.25% Gold: -0.77% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.72%, while traders in France 40 are at opposite extremes with 71.64%. See the summary chart below and full details and charts on DailyFX:
USDJPY Tumbles As US Consumer Prices Remain Flat in July

USDJPY Tumbles As US Consumer Prices Remain Flat in July

Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: [U.S. consumer prices unchanged in July, failed to grow for fourth month] > [Easing price pressures add to expectations for further monetary easing by Federal Reserve] > [USDJPY bearish]

Consumer prices in the U.S. failed to grow for the fourth straight month, as the cost of living remained little changed in July for a second month. According to a report released today by the Labor Department, the consumer-price index remained unchanged in July from a month ago, and rose 1.4 percent from a year ago. The median forecast of economists surveyed by Bloomberg News had called for an increase of 0.2 percent from the previous month, and 1.6 percent on a yearly basis. The core index, which excludes volatile food and fuel costs, also rose less than forecast, climbing 2.1 percent year-on-year.

Inflation remains subdued, suggesting that U.S. companies are finding it difficult to raise prices as high unemployment and weak wage growth continue to temper consumer demand.

Persistent easing of price pressures adds to heightened expectations for further monetary easing by the Federal Reserve, which maintains a cautious outlook for the U.S.

USDJPY 1-minute Chart: August 15, 2012

USDJPY_Tumbles_As_US_Consumer_Prices_Remains_Flat_in_July_body_Picture_2.png, USDJPY Tumbles As US Consumer Prices Remain Flat in July

Chart created using Market Scope – Prepared by Tzu-Wen Chen

The U.S. dollar tumbled against the Japanese yen as the weaker inflation data adds to support for additional monetary easing by the Federal Reserve. At the time this report was written, the USDJPY had fallen by 21 pips from pre-data levels to trade lower at 78.63 yen.

--- Written by Tzu-Wen Chen, DailyFX Research

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