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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook!
'Haven' Japanese Yen Gains Halted By Solid Service PMI

'Haven' Japanese Yen Gains Halted By Solid Service PMI

2017-07-05 01:04:00
David Cottle, Analyst

Talking Points

  • Japan’s service sector stormed ahead in June, with its best showing for 22 months
  • The data arrived amid weakened risk appetite as tensions over North Korea rose
  • However the numbers saw the Yen’s strong haven bid weaken a little.

Keep your JapaneseYen strategy fresh with the Daily FX Trading Guide

The Japanese Yen lost a little of the ground it had made on the US Dollar Wednesday following the release of more solid data out of the world’s third-largest economy.

Japan’s service sector Purchasing Managers Index came in at 53.3, above its previous 53.0. The “Composite” PMI, which aggregates both the service release and the manufacturing number already in the market, came in at 52.0. This was well below the previous 53.4 but still nicely within the expansion territory which, for PMI surveys everywhere, comes in at 50.

PMI compiler Markit said that job creation in Japan’s service sector was at a four-year high, with output growth overall at a 22-month peak

USD/JPY ticked back above the 113.00 line after the data, in keeping with the thesis that solid Japanese data speaks to more solid global growth, rather than just being a “Japan-only” story. The Yen had been receiving plentiful haven bids through the Asian morning as tensions over North Korea ratcheted up. The US reportedly said it would conduct precision firing drills with its South Korean allies in response to the latest North Korean missile test, which the United Nations Security Council will meet later to discuss.

Asian trade is likely thin thanks to the lack of US leads given the July 4 holiday.

'Haven' Japanese Yen Gains Halted By Solid Service PMI

--- 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.