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
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
Bullish
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
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
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
Notice

US Calls for Pause on J&J Vaccine After Clotting Cases - NYT

Real Time News
  • 🇬🇧 NIESR Monthly GDP Tracker (MAR) Actual: -1.5% Previous: -1.6% https://www.dailyfx.com/economic-calendar#2021-04-13
  • As has proved to be the case in the EU, mishandling PR around a vaccine (the other prominent adenovirus cocktail, Oxford/AZN) can increase vaccine hesitancy by hampering trust. I think the @CDCgov will allow $JNJ again soon, but it may be too late; the bell can’t un-rung.
  • If I’m understanding $JNJ numbers correctly, these rare blood clots have appeared in 6 out of 6.8 million doses, or 0.00008%. In the general pop, deadly blood clots appear in roughly 1 or 2 per 1000 people, or 0.1%-0.2% (per @CDCgov). At a glance, pausing $JNJ seems wrong.
  • Initial reaction sees equities come under pressure with treasuries picking - Modest jump in Japanese Yen across the board https://t.co/wgS7ha42BI
  • US calls for pause on J&J vaccine after clotting cases- NYT
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.36%, while traders in France 40 are at opposite extremes with 75.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aAIOaR5TbE
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.02% Silver: 0.42% Gold: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/irypduGm1S
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.07% 🇳🇿NZD: 0.06% 🇯🇵JPY: 0.05% 🇪🇺EUR: -0.13% 🇨🇦CAD: -0.18% 🇨🇭CHF: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/inXDMThUZd
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/xrWKTp7SzU
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 0.33% Germany 30: 0.28% Wall Street: 0.18% US 500: 0.13% FTSE 100: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uRvdwUEYPt
Gold Plunges on US-China Trade Headlines; Trump Tariff Rollback

Gold Plunges on US-China Trade Headlines; Trump Tariff Rollback

Thomas Westwater, Analyst

US-China Trade War Talking Points:

  • Risk appetite is being bolstered going into afternoon trading as US-China trade headlines crossed the wires citing a White House Official confirming potential rollback of tariffs to solidify phase one trade agreement
  • Gold sank on the report, breaking under the 1460.00 mark and USDCNH rallied to it’s lowest mark since August 2nd
  • Uplifted market sentiment pushed the 10-Year Treasury yield above 1.950% to its highest level since August

Headlines crossing the wires on US-China trade talks are propelling risk appetite further after a Trump administration official stated the US will agreed to roll back tariffs in a last minute concession to seal a phase-one trade agreement. Gold cratered below the 1480.00 mark while US Treasury Yields surged in the latest blow to safe-havens driven by the optimistic trade war headlines.

XAUUSD (15-Min)

Gold 15-Min Price Chart

A spokesman for the Chinese Ministry of Commerce Gao Feng said Thursday that negotiators have been working constructively these past weeks to rollback tariffs as progress is made towards the signing of a ‘phase-one’ portion of the trade deal, which was tentatively reached last month. The Ministry of Commerce spokesman said that this is an important part of reaching the deal being signed. However, a place and time for the signing of the trade agreement is not yet decided according to the same US official who confirmed the rollback of tariffs.

USDCNH (Daily Price Chart)

USDCNH Daily Price Chart

Traders extended the overall risk-on move across markets witnessed broadly over the last few weeks, which was already being bolstered by positive trade headlines since President Trump and Chinese Vice Premier Liu He announced the phase one trade agreement last month. US Treasury yields skyrocketed as demand for anti-risk assets quickly dissipated. The US10YR yield lept above 1.950% and on pace for its biggest jump since US President Trump was elected back in November 2016. Also reacting to the headline was USD/CNH which dropped as the Chinese Yuan strengthened against the greenback to trade near the 6.9500 mark, the Yuan’s strongest level since August.

--Written by Thomas Westwater, Intern Analyst for DailyFX.com

Contact and follow Thomas on Twitter @FxWestwater

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

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

DISCLOSURES