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
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
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.04% 🇯🇵JPY: 0.04% 🇳🇿NZD: -0.03% 🇪🇺EUR: -0.06% 🇬🇧GBP: -0.09% 🇦🇺AUD: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UWD6X6dMES
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.18% France 40: 0.03% FTSE 100: 0.01% Wall Street: -0.09% US 500: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/JqJd78u8OX
  • #AUDJPY could be poised to break lower as price challenges the hypotenuse of an Ascending Triangle These patterns tend to resolve to the upside however, with price breaking back below its short-term moving averages, a downside break may be on the cards $AUD $JPY https://t.co/WfTZNGo7MB
  • Heads Up:🇮🇩 Business Confidence (Q1) due at 04:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-21
  • The US Dollar weakened against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso as Treasury yields fell. More of the same may be ahead. Get your market update from @ddubrovskyFX here:https://t.co/kboT6ovHpd https://t.co/AqaMqKmOkP
  • RT @FxWestwater: New Zealand Dollar Forecast: Technical Levels for $NZDUSD, $NZDCAD, $NZDJPY Link: https://www.dailyfx.com/forex/technical/article/special_report/2021/04/21/New-Zealand-Dollar-Forecast-Technical-Levels-for-NZDUSD-NZDCAD-NZDJPY.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/IG…
  • Sunshine and rainbows for #Gold bulls at the moment, as yields on 30-year Treasuries validate the downside break of a Descending Triangle and eye a push back below 2.2% Gold’s Double Bottom implies a move to 1835 is on the cards in the near term #GLD #US30Y https://t.co/PSSdOolvlP
  • RT @KyleR_IG: The Aussie 10Y yield: surely this thing has to break lower at some point, especially with bullish sentiment cooling off in gl…
  • Bitcoin struggled to maintain a push into record highs and appears to be vulnerable to a near-term pullback. Litecoin and Ethereum saw more aggressive gains, will their momentum accelerate? Find out from @ddubrovskyFX here:https://t.co/f5d7qs5j3z https://t.co/dhLJjkQEnx
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.12% Silver: 0.05% Oil - US Crude: -1.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fb0rTb7U02
Asian Stocks Wilt, Weaker US Dollar Weighs

Asian Stocks Wilt, Weaker US Dollar Weighs

David Cottle, Analyst

Talking Points:

  • Asian stocks lacked reasons to rise on Friday
  • They duly didn’t, with the arrest of Samsung’s vice chair weighing further
  • The US Dollar also tracked back, although its NZ cousin took a double data hit

Stock markets slipped across the Asia/Pacific region on Friday to end a choppy weak on a sour note.

Wall Street didn’t provide much impetus on Thursday with equity markets there stuck. However, the Dow Jones Industrial Average’s bare 0.1% gain was enough to set yet another closing record. More locally the arrest of the billionaire vice chair of South Korean conglomerate Samsung on bribery and other charges didn’t help stock bulls’ cause. Lee Jae-young has faced multiple rounds of questioning but was finally charged on Friday. He has reportedly denied wrongdoing.

The US Dollar was moderately weaker against major rivals, which was as always taken badly by Asia’s exporter-heavy bourses. The Nikkei shed 0.6%. The woes of index heavyweight Toshiba continued to weigh, but electronics giant Sharp offered some better news with hope of higher operating income. Australia’s ASX slipped 0.2%, but has risen 1.5% this week, following a 1.8% rise last. Chinese indexes were down about 0.5% on the day.

Asian economic data were thin on the ground. The New Zealand Dollar took a double hit as both retail sales and manufacturing performance underwhelmed. The Singapore Dollar did better on news that the city-state’s exports surged again in January. China was a notably strong destination.

Crude oil prices edged up by few cents, on a report that major global producers could extend their output cuts.

The rest of the session will offer slim scheduled pickings for investors. Official UK retail sales data are due, along with the US leading indicators series.

If you’d like live analysis of the biggest market-moving events then please check out the DailyFX webinars.

--- 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