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.



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
Oil - US Crude
Wall Street
More View more

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 2.19% Gold: 0.74% Oil - US Crude: 0.34% View the performance of all markets via
  • The Dow Jones, Nasdaq 100 and S&P 500 will look to the arrival of earnings season for influence. Get your #equities market update from @PeterHanksFX here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.41%, while traders in France 40 are at opposite extremes with 75.87%. See the summary chart below and full details and charts on DailyFX:
  • Pfizer states it can deliver 10% more vaccine doses to the US by the end of May $PFE $SPX $NDX $RUT
  • Had the pleasure of sitting down with @GuyAdami and @RiskReversal for another episode of The Macro Setup to discuss $GLD $BTC and $SPX ahead of earnings season and the Coinbase IPO Watch here -
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.41% Germany 30: 0.06% Wall Street: 0.00% FTSE 100: 0.00% US 500: -0.01% View the performance of all markets via
  • #Bitcoin breaks out to fresh all-time highs as investors cast an eye to the long awaited Coinbase IPO #BTC $BTCUSD
  • NY Fed Treasury purchase schedule remains unchanged - BBG
  • Silver posting a strong session, now up 2.3% on the day. In recent trade, silver has struggled to break above the 50-day EMA $XAG $USD
  • Bitcoin sets another record high. BTC/USD gains traction in anticipation of Coinbase IPO. Get your $btc market update from @Tams707 here:
Yen Crosses Will Signal Global Monetary Policy and Risk Trends

Yen Crosses Will Signal Global Monetary Policy and Risk Trends

John Kicklighter, Chief Strategist

Talking Points:

• BoJ Governor Kuroda remarked after the bank's hold on policy that he doesn't see need for an upgrade

• Global monetary policy is not measured by the groups approaching a hike, but rather those pulling back from QE

• There is significant premium of more BoJ QE built into the Dollar and global stimulus in general risk trends

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

What happens when one of the most dovish major central banks starts ease the tap? The Bank of Japan held its policy bearings at its meeting Wednesday while its Governor remarked that he saw little reason to further expand the already sizable open-ended quantitative easing effort already in place. That is still an expansive program, but the market has moved to price in more. Looking back over the past three years, USDJPY and the Yen crosses have marked most of their incredible progress leading up to fresh stimulus and in the aftermath. In the barren periods between, the market has been flat. The Yen crosses are potentially pricing in further escalation, which poses a risk to the currency should they not deliver. But, more systemically, the implications of the most 'dovish' central banks setting a ceiling on support for investors changes the trend of what may be reckless optimism. We discuss the growing imbalance in today's Strategy Video.

Yen Crosses Will Signal Global Monetary Policy and Risk Trends

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

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