USD: Today’s data releases not generally market movers. The consumer confidence numbers can move the dollar, but generally only if more than 5 big figures away from the market expectation, which for today’s number stands at 70.5 (from 68.1 previously). JPY: Retail sales will be released in Japan overnight. Of course, the policies being undertaken by the authorities in Japan are designed to return the Japanese economy to one generating inflation, but retail sales will be closely watched for signs that confidence is improving and that households are not holding back on larger purchases in the hope that prices will be lower in the future. Market looks for a small 0.2% rise after 1.5% fall in March. Idea of the Day A lot of things have changed in FX markets in recent weeks, including the change in fortunes for the single currency compared with sentiment in peripheral markets. It used to be the case that the change in yields in Spain and Italy was a dominant factor for the euro direction (a higher premium over German yields leading to a weaker euro), but that has changed dramatically. The 1-month correlation between the single currency and a measure of peripheral yields (weighting them by GDP shares) has moved into positive territory (1-month rolling basis). This has happened only very briefly in recent years and the current reading (0.20) is the highest seen since the middle of 2009 (i.e. before the sovereign crisis kicked off). For now, the message is that EURUSD is trading off other factors besides the Eurozone crisis. It may be a case of the calm before the storm, but it’s a point worth bearing in mind. Latest FX News JPY: One of the weaker performers overnight in a generally firmer dollar environment. Nikkei also managing to claw back some of last week’s losses, up by more than 1% so far. BoJ member Miyao stated (or reminded) that increase of monetary base helps weaken the currency. USDJPY just below 102.00 in early Europe trade, trendline support coming in a 101.00 AUD: Showing some signs of stabilisation after the sharp sell-off seen through most of the month to date. Last year’s low of 0.9582 has not been breached so far, with daily charts continuing to look over-sold for AUDUSD. EUR: The single currency continues to detach itself from developments in peripheral markets. The strong inverse correlation between EURUSD and spreads in peripheral countries (1-month rolling basis) has turned positive over the past week. FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next Gold Is Sideways, But Still Bearish Within Larger Trend Gregor Horvat 9 years USD: Today's data releases not generally market movers. The consumer confidence numbers can move the dollar, but generally only if more than 5 big figures away from the market expectation, which for today's number stands at 70.5 (from 68.1 previously). JPY: Retail sales will be released in Japan overnight. Of course, the policies being undertaken by the authorities in Japan are designed to return the Japanese economy to one generating inflation, but retail sales will be closely watched for signs that confidence is improving and that households are not holding back on larger purchases in the hope that prices… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.