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
EUR/USD
Bearish
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
Oil - US Crude
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
Wall Street
Bearish
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
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
GBP/USD
Bearish
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
USD/JPY
Bullish
More View more
Real Time News
  • Speaker Pelosi aiming for $2.4 trillion in stimulus proposal according to aides - BBG
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 1.29% Gold: 0.33% Oil - US Crude: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/vGkrwaFvt1
  • Fragile risk sentiment has continued to benefit the US Dollar, which has taken the title of the preferred safe-haven from the likes of the Japanese Yen and Swiss Franc. Get your market update from @JMcQueenFX here: https://t.co/jAFn7qGcbd https://t.co/nWLD7cSQUO
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.89%, while traders in EUR/GBP are at opposite extremes with 66.41%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fWlXXvQUkT
  • 🇲🇽 Interest Rate Decision Actual: 4.5% Expected: 4.25% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-09-24
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.97% Wall Street: 0.92% France 40: 0.66% FTSE 100: 0.62% Germany 30: 0.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SmPAA5CRPL
  • RT @FinancialJuice: US JUDGE: THE US MUST DELAY TIKTOK DOWNLOAD BAN OR FILE LEGAL PAPERS BY FRI. 2:30 PM ET DEFENDING THE BAN. - COURT ORDE…
  • Fed's Barkin says markets appear to be more concerned about inflation being low, not high $SPX $XAUUSD
  • Heads Up:🇺🇸 Fed Williams Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇲🇽 Interest Rate Decision due at 18:00 GMT (15min) Expected: 4.25% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-09-24
Asia AM Digest: Yen, NZ Dollar Drop as US Bond Yields Jump

Asia AM Digest: Yen, NZ Dollar Drop as US Bond Yields Jump

2017-12-20 01:00:00
DailyFX Research,
Share:

To get the Asia AM Digest every day, SIGN UP HERE

The Euro traded broadly higher yesterday, shrugging off an unexpected downtick in Germany’s IFO business confidence gauge. The move higher tracked a surge in front-end German government bond yields. The move came amid news that the Eurozone’s largest economy plans to sell €183 billion in government debt next year, up from €172 billion in 2017.

The Japanese Yen fell as US Treasury bond yields rose, stoking carry trade demand at the expense of the standby funding currency. The rise in US borrowing costs likewise hurt the New Zealand Dollar, a top beneficiary of “fade the Fed” flows since last week’s FOMC meeting. The move looked to be disengaged from broader sentiment trends, at least to the extent that those are reflected in benchmark stock indexes.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

Asia AM Digest: Yen, NZ Dollar Drop as US Bond Yields Jump

DailyFX Webinar CalendarCLICK HERE to register (all times in GMT)

Asia AM Digest: Yen, NZ Dollar Drop as US Bond Yields Jump

IG Client Sentiment Index Chart of the Day: GBP/USD

Asia AM Digest: Yen, NZ Dollar Drop as US Bond Yields Jump

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 50.2% of traders are net-long GBP/USD, with the ratio of traders long to short at 1.01 to 1. The number of traders net-long is 10.7% lower than yesterday and 11.6% lower from last week, while the number of traders net-short is 6.9% higher than yesterday and 1.7% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current GBP/USD price trend may soon reverse higher despite the fact traders remain net-long.

Five Things Traders are Reading

  1. A Few Clear Anecdotes Speculative Appetite is Driving Markets by John Kicklighter, Chief Currency Strategist
  2. Futures Market Heralds a New Era of Trading for Bitcoin and Cryptocurrencies by Christopher Vecchio, CFA, Sr. Currency Strategist
  3. NZD/USD Technical Analysis – Pullback to Offer Opportunity by Michael Boutros, Currency Strategist
  4. Wait-and-See BoE Policy to Fuel Pound Weakness; GBP/USD Range at Risk by David Song, Currency Analyst
  5. FX Week Ahead: BOJ Rate Decision, Canadian CPI, NZ & US GDPby Christopher Vecchio, CFA, Sr. Currency Strategist

To get the Asia AM Digest every day, sign up here

To get the US AM Digest every day, sign up here

To get both reports daily, sign up here

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

DISCLOSURES