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. See our updated Privacy Policy here.

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
Wall Street
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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/IRS9MaA7h8
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here: https://www.dailyfx.com/forex/fundamental/forecast/weekly/CHF/2021/09/18/Gold-Price-Outlook-Hinges-on-Fed-Rate-Decision-Forward-Guidance.html https://t.co/dWWxtErjK0
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/arxYmtQeUn https://t.co/4qxwiJsV1K
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/stMPuq0VXR
  • 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/v6RGICQvge
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/rws9LHJV3E
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2021/09/18/Japanese-Yen-Forecast-JPY-Crosses-Eye-BoJ-CPI-as-Haven-Flows-Bolster-Yen-Strength.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/FVisZuTP6M
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here: https://t.co/H1BaTlIHjY https://t.co/zP3mjfslSD
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/Of1thU4zXw
Yen Weakens as Crude Oil Prices Rise. NZD May Fall on Dovish RBNZ

Yen Weakens as Crude Oil Prices Rise. NZD May Fall on Dovish RBNZ

Daniel Dubrovsky, Strategist

Asia Pacific Market Open Talking Points

Find out what the #1 mistake that traders make is and how you can fix it!

Key FX Developments Tuesday

The anti-risk Japanese Yen underperformed against its major counterparts, pulling back alongside an improvement in market optimism, particularly during the European trading session. As recession fears seemed to abate, cycle-sensitive crude oil prices received a lift. Then later in the day, Russian Energy Minister Alexander Novak said that the nation is on track to reach output cuts within the OPEC+ deal.

This helped energy sector stocks climb, with Norway’s OBX Index climbing as much as 0.7% before trimming most of its upside progress. Towards the end of the day, sentiment somewhat fell apart. The S&P 500 spent most of its day trading lower after gapping to the upside. This occurred alongside rising bond prices, signaling risk aversion.

Still, the pro-risk Australian Dollar aimed cautiously higher by the end of the day. Sterling saw slight gains after Jacob Rees-Mogg, head of the European Research Group of Tory MPs, backed Theresa May’s Brexit deal. This stoked bets that other opposers to May’s divorce deal could follow suit. If the UK Prime Minister can gain more support, she may be able to put her deal for a third round of voting before Parliament.

Wednesday’s Asia Pacific Trading Session

The US Dollar aimed narrowly lower in early Wednesday trade after Stephen Moore, President Donald Trump’s nominee to the Federal Reserve Board, said that the central bank should immediately cut rates by 50 basis point. He still faces a confirmation process in the Senate.

Next, the New Zealand Dollar looks to the RBNZ rate decision. Ever since the central bank proposed to increase bank capital requirements, there has been speculation that the RBNZ may cut rates down the road. This is in addition to concerns about the global growth outlook. NZD/USD may fall if this is emphasized.

Join DailyFX Analyst David Cottle for LIVE coverage of the RBNZ rate decision, where he will be taking a look at the New Zealand Dollar and what to expect ahead!

US Trading Session Economic Events

Yen Weakens as Crude Oil Prices Rise. NZD May Fall on Dovish RBNZ

Asia Pacific Trading Session Economic Events

Yen Weakens as Crude Oil Prices Rise. NZD May Fall on Dovish RBNZ

** All times listed in GMT. See the full economic calendar here

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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

DISCLOSURES