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
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • USD/MXN is in the midst of a bullish breakout from a short-term falling wedge pattern, but this plots in the midst of a much longer-term falling wedge pattern. Get your $USDMX market update from @JStanleyFX here:
  • Italian PM Conte convenes cabinet for Tuesday to inform ministers he is resigning - Cabinet office $EUR Confirming earlier reports
  • Gains on $WTI Crude have stalled out this month below $54.00. The commodity is currently trading around $52.30 after falling to a two-week low late last week. $OIL $USO
  • No notable reaction in BTPs given that resignation from Conte has been touted earlier in order to put together a new government. Also, a resignation does not necessarily mean that a snap election will be the next step as of yet.
  • The retail speculative crowd is throwing around serious weight with GameStop today, but its appetites have been showing through with the likes of Tesla and FAANG before that. The Broader $NDX to $SPX ratio seems to similarly exhibit the charge:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 66.51%. See the summary chart below and full details and charts on DailyFX:
  • AUD/USD still tracks the opening range for January amid the limited reaction to Australia’s Employment report. Get your $AUDUSD market update from @DavidJSong here:
  • The focus will shift as to whether Conte will search for a new parliamentary majority As a reminder, PD Lawmakers noted that they would guarentee support for Conte as head of new government if he resigns $EUR
  • Italian PM Conte is expected to resign as early as Monday - Officials $EUR
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: 0.13% Oil - US Crude: -0.19% Silver: -0.47% View the performance of all markets via
Yen Unmoved as Machine Orders Recover while Deflation Weighs, Fed on Tap

Yen Unmoved as Machine Orders Recover while Deflation Weighs, Fed on Tap

Gary Kerdus,

THE TAKEWAY: Japan Machine Orders recover recent losses while deflationary pressure weighs on prices for corporate goods > Traders appear focused on Fed policy decision > USDJPY unchanged

The Japanese Yen was little changed versus the U.S. Dollar as Japanese machine orders grew by +4.6 percent month-over-month and +1.7 percent year-over-year in July. Prices for domestic corporate goods declined by -1.8 percent in August on a yearly change basis but increased slightly by +0.3 percent for the month.

Machine orders appear to have recovered some of the losses recorded in May which posted monthly declines around -14 percent. Prices for domestic corporate goods have been on the decline since August 2011 highlighting the weak fundamental backdrop the nation is facing as deflationary pressures continue to weigh.

Overall, the market seems to continually overlook fundamental data releases for Japan’s economy and instead look to trade the yen, when paired with the greenback, around QE expectations. The FOMC is scheduled to make their monthly policy decision on Thursday the 9th. Market participants appear to have priced in another round of dollar debasement since Fed Chairman Bernanke last spoke in Jackson Hole on August 31. The Central Bank assured markets that additional easing measures will be implemented as needed and expressed concern over a weak recovery in the labor market. On Friday, September 7, U.S. nonfarm payrolls printed less than robust job growth figures which fell short of expectations. The dollar slipped as traders seemed to have placed their stimulus bets.

USD/JPY, Daily Chart

Yen_Unmoved_as_Machine_Orders_Recover_while_Deflation_Weighs_Fed_on_Tap__body_Picture_1.png, Yen Unmoved as Machine Orders Recover while Deflation Weighs, Fed on Tap

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