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 Download
EUR/USD
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
Gold
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
Bitcoin
Bearish
More View more
Real Time News
  • U.S. Vice President Mike Pence: Risk of spread of the coronavirus in the country remains low -BBG
  • Here is some more perspective: 2018 United States population = 327.2m (via U.S. Census Bureau) #coronavirus https://t.co/gzWCmasWCT
  • China's 290m rural workers' employment hit by the #coronavirus, says Human Resources Vice Minister You Jun -BBG
  • The $NZD may bounce after hitting a four-month low against its US counterpart, but overall positioning continues to argue for a bearish bias. Get your NZD market update from @IlyaSpivak here:https://t.co/pip5LuUUJW https://t.co/Js98E1kqCO
  • My majors-based Australian Dollar index and New Zealand Dollar index (pro-risk FX) are on the verge of technical downside breakouts that expose their weakest points since 2016 and 2015 respectively. #AUD has positive RSI divergence though. Am closely watching 👀 $AUDUSD $NZDUSD https://t.co/HXqrl6jheN
  • Risk aversion extends into Friday's Asia Pacific trading session as Nikkei 225 and S&P 500 futures aim lower after overall South Korean #coronavirus cases exceeded 2k. Anti-risk #Yen higher, #USD too. Pro-risk Australian Dollar aiming lower $AUDJPY - https://t.co/JwCufAQCma https://t.co/HVmWJJcYI8
  • The $USD faces key technical tests against the Singapore Dollar and Indonesian Rupiah after gains on #coronavirus fears. What is the technical road ahead for USD/SGD and USD/IDR? Find out from @ddubrovskyFX here: https://t.co/gDsab6fvw1 https://t.co/8mcwr3YU0U
  • China's Shanghai Composite opens lower 2.23% -BBG
  • GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Feb 19, 2020 15:00 GMT when GBP/JPY traded near 143.72. A contrarian view of crowd sentiment points to GBP/JPY weakness. https://www.dailyfx.com/sentiment https://t.co/2lo1ecQr4y
  • #Coronavirus #pandemic fears impact on #ASEAN stock indexes (monthly charts): Top Left - Singapore, lowest since Dec 2018 Top Right - Malaysia, lowest since December 2011 Bottom Left - Indonesia, lowest since October 2018 Bottom Right - Philippines, lowest since December 2016 https://t.co/rnQCwo2btI
Forex: Dollar, Yen and USDJPY Reactions to Risk and US Debt Standoff

Forex: Dollar, Yen and USDJPY Reactions to Risk and US Debt Standoff

2013-10-08 01:28:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

  • The USDollar's rebound from 5-month lows fell flat and the S&P 500 closed on the verge of a breakdown
  • Focus on the US budget and deficit impasse is distorting the relationship between risk trends
  • The dollar is considered a safe haven, but the yen crosses may be better under certain scenarios

Sign up for John’s email distribution list, here.

When global investors are scrambling for safety-at-any-cost, the dollar is typically the target. But what happens in a US-borne debt crisis? If the catalyst to a shudder of panic is the US financial system itself, does the dollar retain its appeal as an option of last resort? Would the Japanese yen be a better option given its 'oversold' status and correlation to equity indexes? And, what about USDJPY as a gauge for safety? We discuss the unique threat we the market is counting down to and the trading impact it will have in today's video.

Sign up for DailyFX-Plusto have access to Trading Q&A's, educational webinars, updated speculative positioning measures, technical setups and much more!

Find out what event risk can threaten the trade setups discussed in today's video with the DailyFX Economic Calendar.

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

DISCLOSURES

News & Analysis at your fingertips.