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.

Free Trading Guides
EUR/USD
Bearish
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
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • The $USD, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop. Find out from @ZabelinDimitri here: https://t.co/L8cfAgVx94 https://t.co/IkL6eYc0eq
  • Are recent gains in the Indian Rupee and Nifty 50 warranted? Risks are brewing in the background, leaving USD/INR in a consolidative setting as the Nifty pressures resistance. Get your $USDINR market update from @ddubrovskyFX here:https://t.co/svDaSdprvN https://t.co/dkQtNiE1fs
  • Seasonal factors, oversupply issues and the outbreak of COVID-19 has seen the price of liquefied #naturalgas (LNG) fall to 22-year lows (1.519), with the situation exacerbated by ‘fuller-than-normal’ storage facilities. Get your market update here:https://t.co/VOqfkBQ4aR https://t.co/hiWxPVFdMv
  • S&P 500 bulls in command, #Nasdaq 100 produces “V” shaped recovery, while #FTSE 100 extends . Get your #equities market update from @daniele recovery https://t.co/mbWlBUItWv https://t.co/N64fXcj97Y
  • Crude #oil prices await the #OPEC+ meeting where record output cuts could be prolonged as demand for energy from the US and China continues recovering. What could be the downside risks? https://t.co/M8BORPx4sH https://t.co/3kHHeibDb9
  • The risk rally continued in a big way this week and #Euro bulls have remained in-charge against the US Dollar and Japanese #Yen. Get your market update from @JStanleyFX here: https://t.co/o7vPmczvMJ https://t.co/GX2YTXz83u
  • The price of #gold may continue to exhibit a bullish behavior in June as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670). Get your Gold market update from @DavidJSong here: https://t.co/OeaYtCpcIo https://t.co/UQVPIVCTCP
  • The $USD breakdown has taken the index into confluence support at the objective yearly open. Get your USD technical analysis from @MBForex here: https://t.co/A16XEv6n4d https://t.co/GzEp3gCAe5
  • US equities continue to run higher with the Nasdaq 100 setting a fresh all-time-high, not even three months after giving back almost a third of its value in about a month. Get your #Nasdaq technical analysis from @JStanleyFX here: https://t.co/1LI54uvI8x https://t.co/e9FvSLqfaA
  • The US Dollar may be at risk to losses against some of its #ASEAN counterparts. USD/SGD, USD/PHP, USD/MYR and USD/IDR have recently broken to the downside. Will losses continue? Find out from @ddubrovskyFX here: https://t.co/0RTlj6maTT https://t.co/UyQ4i0AihI
Syria Airstrikes Could See Risk Assets Retreat As New Week Starts

Syria Airstrikes Could See Risk Assets Retreat As New Week Starts

2018-04-14 12:01:00
David Cottle, Analyst
Share:

Talking Points:

  • The US, France and UK have attacked targets which they say are part of Syria’s chemical weapons program
  • Markets had been trading all week as though some sort of action was likely
  • Currencies like the Australian Dollar may come under pressure with the likes of the Japanese Yen likely to benefit

Join our analysts for live coverage of all major market-moving economic data at the DailyFX Webinars.

Market risk appetite is almost certain to be shattered by Saturday’s Western air strikes against targets in Syria when markets re-open on Monday, with Asia first to show its reaction.

The usual crisis playbook involves a retreat from currencies with strong links to the global economic growth cycle such as the Australian and New Zealand Dollars. Perceived havens such as the Japanese Yen and Swiss Franc stand to benefit.

The relative safety of the bond market will probably be sought out, at the expense of equities, with crude oil prices likely to rise. Other commodities may slide however if investors fear a deeper conflict with knock-on repercussions for global growth.

Syria Airstrikes Could See Risk Assets Retreat As New Week Starts

Fears of exactly the sort of military intervention we have now seen pushed US benchmark crude to its strongest weekly performance since last July in the past week. International standard-bearer Brent is at its highest since 2014.

There is some evidence to suggest that stock markets, especially, can shrug off crises quite swiftly. The Dow Jones Industrial Average had recovered all of its huge losses and then some less than two months after the September 11 attacks on New York.

Obviously, the precise extent of market reaction will depend on the headlines. The US, France and UK seem at pains to stress that their attacks were not explicitly aimed at producing regime-change in Syria, but rather to degrade the ability of that country to conduct chemical warfare. However, US President Donald Trump did say on Friday that the efforts of the US and her allies would be 'sustained,' which could hint at longer-term military operations.

Signs of de-escalation, or a cessation of strikes may see markets more composed by the time the first significant stock market, that of New Zealand, opens on Monday But a knee-jerk ‘flight to safety’ is probably the least investors can expect to see when they return to their screens.

Resources for Traders

Whether you’re new to trading or an old hand DailyFX has plenty of resources to help you. There’s our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There’s also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they’re all free.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter@DavidCottleFX or use the Comments section below to get in touch!

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

DISCLOSURES

News & Analysis at your fingertips.