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
  • S&P 500 contending with its proverbial ‘line in the sand’ as bulls and bears battle for directional control. How we close/trade around the 50-day moving average could serve as a noteworthy bellwether for risk trends headed into next week. I remain cautious below ~4,480. $SPX $ES
  • USD/JPY trades to a fresh monthly (110.57) amid the pickup in longer-dated US Treasury yields, and the exchange rate may stage a larger advance over the coming days. Get your market update from @DavidJSong here:
  • US yields continue to climb, with the 10-year Treasury yield trading above 1.45% $ZN $ZB
  • $USDJPY bull thesis appears quite constructive. Technicals show topside breakout above trend resistance following a period of consolidation. Bond yields providing the fundamental catalyst. Eyes on Aug/YTD highs. A broad-based deterioration in market sentiment poses downside risk.
  • WTI posting another session of strong gains, currently flirting with the 74 handle $CL #Oil #OOTT
  • The New Zealand Dollar’s bullish breakout attempt in early-September was rebuffed. Price action at the end of the month is telling a different story. Get your market update from @CVecchioFX here:
  • So much for that Evergrande recovery. Shares of the troubled Chinese property developer are down approximately -12% today following yesterday's impressive rally (biggest in a year)
  • Retail trading platform Robinhood announces hire of new Chief Compliance Officer amid regulatory scrutiny
  • There is a ridiculous number of scheduled Fed speeches on the docket next week. Powell specifically will be speaking multiple times including at an ECB hosted forum on central banking (which also has a panel with Fed, ECB, BOE and BOJ heads)
  • USD Ascending Triangle, Bullish for Q4 - #DXY chart on @TradingView
DailyFX US AM Digest: Stocks, Bonds Drop as US January CPI Beats

DailyFX US AM Digest: Stocks, Bonds Drop as US January CPI Beats

DailyFX Research,

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open - signup here

Volatility hit equity, bond, and FX markets this morning after the January US CPI report showed faster than anticipated price pressures in the world’s largest economy. And while the data won’t necessarily provoke a faster Fed rate hike timeline, rising price pressures mean the Federal Reserve will be less inclined to speak up during episodes of financial market volatility; as Senior Currency Strategist Christopher Vecchio, CFA says, we’re in the midst of a regime change.

Without the supportive backdrop of the past several years, equity investors are proving nervous. Accordingly, with the S&P 500 dropping around 30 handles after the CPI release, the Japanese Yen – as the prototypical safe haven – has gained ground across the board, particularly against the higher yielding commodity currency bloc.

DailyFX Economic Calendar: Wednesday, February 14, 2018 – North American Releases

DailyFX US AM Digest: Stocks, Bonds Drop as US January CPI Beats

The combination of higher inflation and weaker retail sales has thrown USD-based assets for a loop, with the US Dollar, US Treasuries, and US equities trading lower in unison. The Atlanta Fed GDPNow Q1’18 growth tracker is likely to show a moderate revision lower as a result when it is released later on today. See the full market alert for more information on this morning’s US economic data. Later today, as is typical on Wednesdays, weekly energy inventory data is due out.

DailyFX Webinar Calendar: Wednesday, February 14, 2018

DailyFX US AM Digest: Stocks, Bonds Drop as US January CPI Beats

IG Client Sentiment Index Chart of the Day: USDJPY

DailyFX US AM Digest: Stocks, Bonds Drop as US January CPI Beats

Learn more about the IG Client Sentiment Index on the DailyFX Sentiment page

USDJPY: Retail trader data shows 76.6% of traders are net-long with the ratio of traders long to short at 3.28 to 1. In fact, traders have remained net-long since Dec 29 when USDJPY traded near 113.244; price has moved 4.9% lower since then. The number of traders net-long is 20.7% higher than yesterday and 41.1% higher from last week, while the number of traders net-short is 6.5% lower than yesterday and 15.3% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.

Five Things Traders are Reading

  1. “Dollar Rises as Broad-Based Inflation Offsets Falling Retail Sales” by Dylan Jusino, DailyFX Research
  2. “Trading Outlook for Yen, NZD-crosses, Crude Oil & More” by Paul Robinson, Market Analyst
  3. “Bitcoin Price Chart Signals Higher Prices But at a Slower Pace” by Nick Cawley, Analyst
  4. “GBP JPY Weakness Nears Important Technical Support” by Nick Cawley, Analyst
  5. “Gold and Crude Oil Prices May Fall if US CPI Tops Expectations” by Ilya Spivak, Senior Currency Strategist

The DailyFX US AM Digest is published every day before the US cash equity open - you can SIGNUP HERE to receive this report in your inbox every day.

The DailyFX Asia AM Digest is published every day before the Tokyo cash equity open - you can SIGNUP HERE to receive that report in your inbox every day.

If you're interested in receiving both reports each day, you can SIGNUP HERE.

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