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
Oil - US Crude
Bullish
Wall Street
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/YUu7Pwos43
  • 🇩🇪 Ifo Business Climate (NOV) Actual: 90.7 Expected: 90.1 Previous: 92.5 https://www.dailyfx.com/economic-calendar#2020-11-24
  • Brush up your knowledge on #tradewars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/1MAj9f6meB
  • 🇩🇪 Ifo Business Climate (NOV) Actual: 90.7 Expected: 90.1 Previous: 92.7 https://www.dailyfx.com/economic-calendar#2020-11-24
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.97%, while traders in NZD/USD are at opposite extremes with 74.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jGEHciMOxY
  • Heads Up:🇩🇪 Ifo Business Climate (NOV) due at 09:00 GMT (15min) Expected: 90.1 Previous: 92.7 https://www.dailyfx.com/economic-calendar#2020-11-24
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.90% Gold: -0.56% Silver: -0.56% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/BVI5sIyKr7
  • 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/5uSWKoLkd6 https://t.co/rouvUq7T9R
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.90% 🇦🇺AUD: 0.89% 🇨🇦CAD: 0.37% 🇪🇺EUR: 0.25% 🇯🇵JPY: 0.21% 🇨🇭CHF: 0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9rLTlEAVAy
  • Risk-on tilt to kick-off the European trading session Haven-associated $USD and $JPY extending declines while the cyclically sensitive $AUDUSD soars to multi-month highs European equity markets aiming higher #DAX30 - +0.55% #EUStoxx50 - +0.52% #FTSE100 - +0.55%
Asia Stocks Inch Up as US Dollar Slips Back

Asia Stocks Inch Up as US Dollar Slips Back

2017-01-25 07:50:00
David Cottle, Analyst
Share:

Talking Points:

  • Asian stocks managed to follow Wall Street higher
  • Japan got a special boost from some very upbeat export data
  • The US Dollar went back on defense against most rivals, the Aussie Dollar being an exception

Asian stocks crept back up toward three-month highs on Wednesday as Wall Street managed a stronger session on Tuesday,although uncertainty still hovers over what Donald Trump’s White House will mean for the wider world.

The US Dollar meanwhile continued to drift, and the overall market tone remains uneasy.

In Tokyo, the Nikkei advanced 1.3%. News that the Japan’s exports rose for the first time in fifteen months in December, led by shipments of car parts and electronics, lifted the mood. That mood had lightened somewhat anyway thanks to new record highs for the S&P 500 and the Nasdaq in the previous US session.

Australia’s ASX was up by 0.4%, with raw materials still doing a lot of the heavy lifting.

In the currency markets, the greenback was playing defense again after a respite on Tuesday which came as Donald Trump seemed to shift his focus toward growth plans. He promised corporate tax breaks to boost investment, a break from recent more protectionist rhetoric. The US Dollar drifted lower once more through the Asian session, to the benefit of all the majors.

The Australian Dollar made heavy weather after the release of more tepid inflation data, which suggest that local interest rates won’t be rising anytime soon even if they retreat no further from current record lows.

Tough day: AUD/USD

Asia Stocks Inch Up as US Dollar Slips Back

Chart compiled using TradingView

The British Pound managed to add to its recent gains, following Tuesday’s Supreme Court ruling that gave Parliament the right to decide on when the UK can trigger its official exit from the European Union. Markets now seem to want this process to move along. The ruling is seen to have helped this as much as it could, allowing Parliament a say but denying devolved institutions in Scotland, Wales and Northern Ireland any power of veto.

Oil markets gave back some of their recent gains, although not by much, with international benchmark Brent down about 0.1% as Asian trade wound down. Gold took a bit of a knock from stronger risk assets, but steadied around $1,210.

The coming session doesn’t offer much in terms of economic data, with due respect to Germany’s monthly IFO business survey and the weekly US crude oil inventory figures from major hub Cushing, Oklahoma. This may leave investors focused on the White Houseonce again. President Trump’s reported plans to mandate the building of a wall between Mexico and the US by executive order, along with the curtailment of some visa privileges to nationals of six Middle Eastern counties including Syria and Iraq, may hit the headlines.

Would you like to know more about financial-market trading? Our DailyFX webinar page could be a great place to start.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter: @DavidCottleFX

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

DISCLOSURES