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
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
  • Fed Vice Chair Clarida: - Prospects have brightened and downside outlooks have diminished - Asset market pricing is consistent with the expectations for robust growth - Robust demand won't generate sustained inflationary pressures #Fed $USD
  • RT @bespokeinvest: "Move along, nothing to see here."
  • Canadian Dollar Price Forecast: USD/CAD, CAD/JPY, EUR/CAD
  • $NZDUSD is up over 60 pips today, currently trading above the 0.7400 level. The pair is now trading at its highest level since early 2018. $NZD $USD
  • Fed Chair Powell: - Haven't yet seen the labor market scarring we were concerned about - Labor market has come back faster and bankruptcies have been lower than anticipated - Prospect to get back to a much better place in the second half of the year #Fed $USD
  • $AUDUSD has surged by over 40-pips over the last two hours, taking out the prior session highs. This move pushed the pair to a high of 0.7945, a new highest level since early 2018. $AUD $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.49%, while traders in Wall Street are at opposite extremes with 75.93%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇺🇸 Fed Clarida Speech due at 18:00 GMT (15min)
  • Fed Chair Powell: - The public and the world have confidence in the dollar #Fed $USD
  • The RBNZ noted that operational work to enable the OCR to be taken negative if required has now been complete. Get your $NZD market update from @JMcQueenFX here:
Forex: U.S. Pending Home Sales Fell Unexpectedly in December; USD/JPY Weakened

Forex: U.S. Pending Home Sales Fell Unexpectedly in December; USD/JPY Weakened

Renee Mu, Currency Analyst

THE TAKEAWAY: [US Pending Home Sales in December declined for the first time since August ] > [The recovery of U.S. housing market is uneven] > [USD/JPY Bearish]

The number of signed contracts to purchase previously owned homes in the U.S. dropped by 4.3 percent in December from a month earlier, the first time since August. The National Association of Realtors reported today that its pending home sales index, a forward-looking indicator based on contract signings, fell to 101.7, following a 1.6 percent rise in November that was downwardly revised from 1.7 percent initially reported.

The median forecast of economists surveyed by Bloomberg News had projected no change in the Index. On a yearly basis, pending home sales rose 4.9 percent in November, falling short of the expectation for an 11.5 percent increase.

Given improved job market condition and cheap borrowing costs, the demand for housing in U.S. is expected to increase. Yet the home sales were held back by the limited supply of real estates, with an unexpected drop in existing home sales in another report released last week.

USD/JPY 1-minute Chart: January 28, 2013

Forex_US_Pending_Home_Sales_Fell_Unexpectedly_in_December_USDJPY_Weakened_body_Picture_1.png, Forex: U.S. Pending Home Sales Fell Unexpectedly in December; USD/JPY Weakened

Chart created using Market Scope – Prepared by Renee Mu

The U.S. dollar weakened slightly against the Japanese yen following data release. As can be seen from the one-minute chart above, the USD/JPY pair dropped to 90.62 yen in the minute preceding the report but then saw retracement back to previous level. At the time this report was written, the USD/JPY pair was trading at 90.75 yen.

--- Written by Renee Mu DailyFX Research

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