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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/Nx6AHxZksK
  • Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Earnings, Inflation Check out @RichDvorakFX's latest market recap and preview plus all the weekly forecasts from the @DailyFXTeam at the link below! Link to Analysis - https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/07/25/markets-week-ahead-euro-dollar-gold-sp500-fed-earnings-inflation.html $EURUSD $SPX #Trading
  • 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: https://t.co/rfwUWJfbz9 https://t.co/xKkBwu951j
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/MYWlQphqtb
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/paOy1oQmn3
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here: https://t.co/CH4WoStHvu
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/otJwnuR7qe
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/s4lZWdJoXV
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here: https://t.co/jcwhcsUBEN https://t.co/tKrlrRZlZn
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/MGy9OTXpUI
USD/JPY, US Equities Unable to Hold ISM Gains

USD/JPY, US Equities Unable to Hold ISM Gains

Gregory Marks,

Talking Points:

-ISM Non-Manf. Composite (JAN) at 54.0 vs. 53.7 est. and 53.0 prior

-USD/JPY spike is weak

-Breakdown shows better employment, production components

The ISM Non-Manufacturing Composite print for January showed a slight uptick as the print came in at 54.0, beating estimates of 53.7 and the December figure of 53.0. The Non-Manf. breakdown indicated that we saw better components for prices, employment, inventories and production. Notably, the only component to decline MoM was in fact export orders- a possible indication of mounting pressure in global trade as the Baltic Dry Index presses lows not seen since last summer.

USDJPY_US_Equities_Unable_to_Hold_ISM_Gains_body_Picture_3.png, USD/JPY, US Equities Unable to Hold ISM Gains

USD/JPY February 5, 2014 (5-Minute Chart)

USDJPY_US_Equities_Unable_to_Hold_ISM_Gains_body_Picture_2.png, USD/JPY, US Equities Unable to Hold ISM Gains

Source: FXCM Marketscope

The better than expected ISM figure helped lift the greenback, US Treasury yields and equities, but the move has proved short lived thus far. Momentum in USD/JPY price action has been slowing over the past half hour and- as has been the case over the past two weeks- Yen weakness continues to be short lived. Yields on the 10yr continue to remain higher after approaching the 200d moving average yesterday. In the New York session thus far we have seen yields spike from a low of 2.60% to a high of 2.66%. The next major event risk (aside from developments in the U.S. equity market) will be the BoE and ECB tomorrow.

USDJPY_US_Equities_Unable_to_Hold_ISM_Gains_body_Picture_1.png, USD/JPY, US Equities Unable to Hold ISM Gains

Gregory Marks, DailyFX Research Team

Keep up to date on event risk with the DailyFX Calendar.

How does a Currency War affect your FX trading?

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

DISCLOSURES