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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • ECB President Lagarde: - If and when we have a digital Euro, we will also have banknotes - ECB will make decision in the spring whether to go ahead with digital Euro work - Lots of questions remain, is a complicated issue - Is not "about to come," will be years #ECB $EUR
  • ECB President Lagarde: - An ambitious and coordinated fiscal stance is critical - Fiscal measures should be targeted and temporary - EU aid package must become operational without delay #ECB $EUR
  • ECB President Lagarde: - Risks surrounding Euro-area outlook remain tilted to the downside, but less pronounced - Underlying price pressures are expected to remain subdued - Inflation is likely to increase in the coming months as pandemic's impact fades #ECB $EUR
  • ECB's Lagarde - Downside risks to outlook are less pronounced $EUR
  • 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:
  • ECB President Lagarde: - Resurgence of pandemic has likely led to decline in activity in Q4 2020 - Will also weigh on activity in Q1 2021 - Fiscal policies are supporting households and firms, but consumers are staying cautious #ECB $EUR
  • ECB's Lagarde says will monitor developments in the exchange rate Slight change in tone from previously stating they will "very carefully" monitor FX movements
  • ECB President Lagarde: - Euro-area economy contracted in the fourth quarter - Uncertainty remains high - ECB is monitoring exchange rate for its impact on inflation - Ready to use all instruments as needed #ECB $EUR
  • ECB President Lagarde: - Inflation remains very low in the context of weak demand and significant slack - Data confirms pronounced near-term impact on economy and protracted weakness in inflation - Ample degree of monetary stimulus is essential #ECB $EUR
  • 🇺🇸 Philadelphia Fed Manufacturing Index (JAN) Actual: 26.5 Expected: 12 Previous: 11.1
Japanese Consumer Confidence Falls to a 6-Month Low

Japanese Consumer Confidence Falls to a 6-Month Low

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Japanese consumer confidence falls to a 6-month low -> BoJ repeats economy starting to recover moderately -> Yen trading steady

Want to trade with proprietary strategies developed by FXCM? Find out how here.

The Japanese Consumer Confidence Index fell to a six month low in July, according to the Cabinet Office. The confidence index was reported at 43.6, disappointing expectations for 45.0 and down from 44.3 in June. Income growth declined to 41.0 from 41.6 in June, and the willingness to buy durable goods fell to 44.0 from 45.5.

Additionally, the Bank of Japan’s monthly economic report for August again commented that Japan’s economy is starting to recover moderately. The report noted an improvement in consumer sentiment despite the above release and said that exports have been picking up.

The BoJ recently predicted 2.9% growth in 2013, and GDP rose 1.0% in Q1. The Japanese GDP growth for Q2 will be released on early Monday morning, and Bloomberg surveyed analysts predict 0.9% quarterly growth.

The Yen did not react significantly to either Japan release today, and USD/JPY continues to trade around 96.50 at the time of this writing. A rising trend line from February may provide support around 95.20, and resistance may be provided by a broken resistance line around 97.50.

New to Forex? Watch this video

USDJPY Daily: August 9, 2013

Japanese_Consumer_Confidence_Falls_to_a_6-Month_Low_body_usdjpy.png, Japanese Consumer Confidence Falls to a 6-Month Low

Chart created by Benjamin Spier using Marketscope 2.0

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to .

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