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.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Bearish
Wall Street
Bearish
Low
High
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.64%, while traders in US 500 are at opposite extremes with 75.52%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/5aSCLBqXc1
  • Heads Up:🇲🇽 Economic Activity YoY due at 11:00 GMT (15min) Expected: -3.5% Previous: -0.6% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇲🇽 GDP Growth Rate YoY Final due at 11:00 GMT (15min) Previous: -0.5% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Emerging market currencies haven’t been treated equally by the effects of global contagion, even if most have suffered to some degree. However withdrawal of investment flows could hit them all. Get your market update from @DavidCottleFX here:https://t.co/QzNoNYgMgP https://t.co/rIrzpGTgvn
  • Chinese President Xi says will step up preparedness for military combat
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 1.31% Oil - US Crude: 0.90% Gold: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/LKcIsCQeTg
  • #DAX30, #dowjones : la reapertura económica lidera los avances #trading https://t.co/GoI9cOuD9A
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 1.28% 🇦🇺AUD: 1.17% 🇬🇧GBP: 1.01% 🇪🇺EUR: 0.57% 🇨🇭CHF: 0.35% 🇯🇵JPY: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/eMQxa6E4eU
  • Coming up at half past the hour: my weekly webinar on market #sentiment. Do join me if you can. You can sign up here: https://www.dailyfx.com/webinars/181540619?ref-author=essex&CHID=9&QPID=917711
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 1.67% Wall Street: 0.90% Germany 30: 0.89% US 500: 0.65% FTSE 100: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/5LHY5FmIF9
USD/JPY Steady at Improved U.S. Consumer Credit Report

USD/JPY Steady at Improved U.S. Consumer Credit Report

2013-02-07 19:02:00
Courtney Edwards,
Share:

The Takeaway:U.S. Consumer Credit (Dec) > +$14.6 billion versus +$14.4 billion expected > Consumers ability to borrow may be increasing > USDJPY Neutral

Consumer credit increased at a seasonally adjusted annual rate of +6.5% to $14.6 billion in December 2012, according to the Federal Reserve. Bloomberg economists expected a $14.4 billion increase. The surge in credit was fueled by a jump in student loans, personal loans, and auto loans. This is the largest gain since 2001. In the prior month, consumers increased their borrowing by $16 billion to a seasonally adjusted record of $2.77 trillion.

Lending by the Federal Government, which is primarily for educational loans, increased by $5.5 billion in December. Revolving debt, including credit cards, fell by $3.6 billion, the most since July. Labor market gains might be boosting consumer’s ability and willingness to borrow for big-ticket items.

USDJPY 5-Minute Chart: February 7, 2013

USD_Consumer_Credit_body_Picture_1.png, USD/JPY Steady at Improved U.S. Consumer Credit Report

Chart from FXCM Trading Station, created by Courtney Edwards

The USDJPY showed little movement at the time of the consumer credit report. The pair traded at 93.53 at the release. Earlier today, the pair continued to trade at its highest levels since mid-2010, putting strong pressure on the 94 line.

--- Written by Courtney Edwards, DailyFX Research

New to the FX market? Save hours in figuring out what FOREX trading is all about.

Take this free 20 minute “New to FX” course presented by DailyFX Education. In the course, you will learn about the basics of a FOREX transaction, what leverage is, and how to determine an appropriate amount of leverage for your trading.

Register HERE to start your FOREX learning now!

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

DISCLOSURES

News & Analysis at your fingertips.