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
Bullish
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
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
Mixed
Gold
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
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/Rjfdv8jLQV
  • 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/a6qsFOcPUl
  • Build your USD/JPY trading strategy by honing your trading skills. Get your free insight here: https://t.co/hgVq7LwTSH https://t.co/xXZYbWqEwP
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/HUaCpOPird
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here: https://t.co/i8E2AXtzF3 https://t.co/Hx1251BmAZ
  • @ddubrovskyFX Congrats Daniel!
  • After a week of roaring economic updates that failed to gain meaningful market traction; I am look to US inflation/rates, US-China trade relations and earnings in the week ahead to charge $SPX and $DXY. My outlook for the week ahead: https://www.dailyfx.com/forex/video/daily_news_report/2021/04/10/SP-500-Outlook-Carries-Risk-Trends-Dollar-Event-Heavy-on-USDJPY-USDCNH.html https://t.co/F9XkNl8Ks4
  • The Indian Rupee rose as the Nifty 50 slightly fell after the RBI left benchmark rates unchanged despite recent weakening inflation and a massive fiscal spending plan. Will USD/INR bounce? Find out from @ddubrovskyFX here:https://t.co/SwufKMOwfQ https://t.co/rfn4KRGUgl
  • Retail traders appear to be reducing long exposure in the Euro after recent gains. This hints that EUR/USD and EUR/JPY may rise in the near term, but could this trend last down the road? Find out from @ddubrovskyFX here:https://t.co/Y1d4DXeKEE https://t.co/oUv4y0TPq3
  • China fines Alibaba Group 18.2b Yuan, or about USD2.8b, in a monopoly probe -BBG
Asian Stocks Falter, Look Nervously To Washingon

Asian Stocks Falter, Look Nervously To Washingon

David Cottle, Analyst

Talking Points

  • Asian stocks couldn’t get off the ground as investors looked nervously to the US
  • President Donald Trump will give policy clues to Congress on Tuesday
  • The US Dollar pulled back a little but remained defensive

Asian stocks got a new week off to a rocky start Monday as investors looked warily to Washington DC.

US President Donald Trump will make his keenly awaited policy speech to Congress on Tuesday, and its economic content will be of utmost importance to global markets. Treasury Secretary Steven Mnuchin said on Sunday that Mr. Trump will offer a preview of sweeping plans to cut taxes and make US companies more competitive. However, caution prevailed in the run-up, with Asian mainboards all in the red and little local economic data to lift the mood.

A weaker US Dollar didn’t help much either, taking its usual toll on Asia’s plentiful exporters. The Nikkei ended down nearly 1% and Australia’s ASX slipped too, despite a blockbuster official reading on corporate profits. The cautious mood spread to mainland Chinese and Hong Kong stocks, all of which were in the red.

The greenback hit two-week lows against the Yen on Monday, reportedly lacking support as markets awaited Mr. Trump. It recouped some ground but lacked real momentum. The British Pound Sterling was hit by worries about another referendum from Scotland on leaving the United Kingdom. The Scottish government seems increasingly confident it can win a vote for independence as the UK leaves the European Union.

Sterling’s weakness helped the broad US Dollar index to inch up as Asian trade wound down. Meanwhile gold prices were steady near 3.5-month highs and crude oil prices rose very slightly. Both the US and international Brent crude benchmarks remain stuck between production cuts from traditional major producers and an increase in US supply.

The rest of the global session offers little in terms of scheduled headlines likely to tear eyes away from the US capital. US data is quite plentiful though, with pending home sales, Durable goods orders and the Dallas Federal Reserve’s manufacturing index all coming up.

Would you like to know more about trading the financial markets? The DailyFX trading guide is here to help.

--- 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