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.

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
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
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
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1cYv9t https://t.co/7PN8pYKhXH
  • US Dollar Basket (DXY) taking a tumble... https://t.co/t6kiwXWCX4
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aC5CZqRzxd
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Gold: 0.20% Silver: -0.31% Oil - US Crude: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/7rkjdGff4Y
  • Euro May Turn Lower vs. US Dollar as Upswing Falters Below 1.20 - https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2021/04/19/Euro-May-Turn-Lower-vs-US-Dollar-as-Upswing-Falters-Below-1.20.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #EURUSD #technicalanalysis https://t.co/30VPCDfO1B
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.28% 🇦🇺AUD: 0.11% 🇳🇿NZD: 0.08% 🇨🇦CAD: 0.03% 🇨🇭CHF: 0.03% 🇪🇺EUR: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LQnZcITyT6
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.09% France 40: 0.03% FTSE 100: -0.09% US 500: -0.23% Wall Street: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/19eau4SxDU
  • Crude Oil Prices Retreat After Big Rally as Traders Await Fresh Catalysts https://www.dailyfx.com/forex/market_alert/2021/04/19/Crude-Oil-Prices-Retreat-after-Big-Rally-as-Traders-Await-Fresh-Catalysts.html https://t.co/e6PdkgQ2C7
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here: https://t.co/BnA07cvjBS https://t.co/fLokdpFkq0
  • India's Sensex slumps 3% after daily virus cases hit new record - BBG
Japanese Yen All-But Unmoved By Bad Machine Orders Miss

Japanese Yen All-But Unmoved By Bad Machine Orders Miss

David Cottle, Analyst

Talking Points:

  • Japanese machine orders for April missed forecasts by a huge amount
  • Corporate goods prices for May also came in below forecasts, but only just
  • The Japanese Yen market is looking forward to “Fed day” and reacted little

Give your Asian market trading strategy a tune-up with the DailyFX guide

The Japanese Yen showed little reaction Monday to news that domestic machine orders had missed estimates by a wide margin.

Orders fell 3.1% on the month in April according to official figures and rose by 2.7% on the year. They had been expected to rise by 0.5% and 7.3%, respectively. Obviously, this is a huge miss and, at face value, not great for business expectations. After all firms which aren’t buying new machines don’t obviously expect massive order pickups in the months ahead.

However, this is a volatile data series and the US Federal Reserve’s monetary-policy meeting is approaching, on Wednesday. Both these facts and the aftermath of last week’s UK-election event risk may well have limited the Yen’s reaction to the numbers, which was not great as the chart below shows.

Japanese Yen All-But Unmoved By Bad Machine Orders Miss

The Corporate Goods Price index for May was released simultaneously. This is an upstream inflation indicator that need not ever be reflected in the consumer-price data that are more important for traders.

However, the CGPI was flat on the month, and rose 2.1%. Both outcomes were 0.1 percentage points below expectations.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter:@DavidCottleFX

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

DISCLOSURES