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
More View more
Real Time News
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Further your forex knowledge and gain insights from our expert analysts @ddubrovskyFX and @FxWestwater on JPY with our free Q4 market analysis guide, available for free today.
  • How does stock market liquidity benefit its traders? Learn more here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • Quarterly earnings from Netflix and Tesla, two big tech companies, will take center stage next week and could set the trading tone for the S&P 500 and the Nasdaq 100. Get your weekly equities forecast from @DColmanFX here:
  • Do you know the difference between investing and trading? Because while the goal might seem the same, they're very different things . Learn more here.
  • What is your forex trading style? Take the quiz and find out:
  • Further your trading knowledge and gain informed market analyses from our expert analyst @DavidJSong on Oil with our free Q4 guide, available for free today.
  • Nasdaq 100 may hit new high soon.
Job Openings Exuberance Helps US Dollar Erase Confidence Related Losses

Job Openings Exuberance Helps US Dollar Erase Confidence Related Losses

Benjamin Spier, Technical Strategist

Talking Points:

  • University of Michigan Confidence disappoints expectations
  • JOLTs job openings at the highest in 5-years
  • USD/JPY erases earlier losses

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

The US Dollar pushed to the top and bottom of a 15-point range against the Japanese Yen, as the release of disappointing consumer confidence pushed the greenback lower, and then those losses were erased on US job openings reported at a 5-year high.

The University of Michigan Confidence survey for January (preliminary) was reported at 80.4 in January, disappointing expectations for a rise to 83.5 from 82.5 in December. The economic conditions survey result fell to 95.2 from 98.6 in December, while the outlook survey fell to 70.9 in January from 72.1.

JOLTs job openings for November was reported by the Labor Department at at 4001, beating expectations for 3930 and up from a revised 3931 in October. The improved job openings data should be particularly important for the Fed’s decision on how much further to taper monthly asset purchases in the coming months, which is why the dollar losses on the confidence release were erased on the employment data.

At the time of this writing, USD/JPY has yet to break through a daily low at 104.19. The December 13th high at 103.92 may again provide support for the pair.

New to Forex? Watch this video

USD/JPY 1-Minute: January 17, 2014

Job_Openings_Exuberance_Helps_US_Dollar_Erase_Consumer_Confidence_Related_Losses_body_Picture_1.png, Job Openings Exuberance Helps US Dollar Erase Confidence Related Losses

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.