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.

Free Trading Guides
EUR/USD
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
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
USD/JPY
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
Gold
Bearish
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • OPEC+ agreement is for cut of 500k bpd according to delegate -BBG
  • #EURGBP has plummeted to a 19-month low while #GBPCAD and #GBPUSD are re-testing critical resistance channels. #GBPAUD has reached a three-year high but will upside momentum last? https://www.dailyfx.com/forex/technical/article/special_report/2019/12/05/British-Pound-Technical-Analysis-EURGBP-GBPUSD-GBPCAD-GBPAUD.html
  • Saudi Oil Minister says decision will be given tomorrow #OOTT #OPEC
  • $EURUSD Daily Pivot Points: S3: 1.0883 S2: 1.097 S1: 1.1025 R1: 1.1112 R2: 1.1145 R3: 1.1232 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Brace yourselves for a volatile week ahead - (key highlights) Dec 11 - FOMC🇺🇸, BCB🇧🇷 rate decisions Dec 12 - #UkElection 🇬🇧 - ECB🇪🇺, SNB🇨🇭 rate decisions - US CPI - OPEC🛢️report - Aramco starts trading on exchange Dec 13 - Bank of Russia🇷🇺 rate decision - US retail sales 🛒
  • Event risks for tomorrow includes $CAD Net Change in Employment, USD Change in Non-farm Payrolls and USD U. of Mich Consumer Sentiment https://www.dailyfx.com/calendar?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr https://t.co/xtPdEsf1wl
  • What is market volatility and what does a market event volatility look like? Find out from @PaulRobinsonFX here: https://t.co/vg7w10la3j https://t.co/MHcvB69Zgp
  • FX Spot Update: $EUR 1.1105 $JPY 108.79 $GBP 1.3162 $CHF 0.9875 $CAD 1.3175
  • US Equity Index Update (Thursday Close): $DJI +0.10% $SPX +0.17% $NDX +0.14% $RTY -0.05% $VIX -1.76%
  • RT @CNNBusiness: Huawei, the world's largest telecommunications equipment maker and a leading smartphone brand, said that it has filed a la…
Asian Stocks Mixed Again, Financials Weigh On Nikkei

Asian Stocks Mixed Again, Financials Weigh On Nikkei

2017-03-07 06:33:00
David Cottle, Analyst
Share:

Talking Points

  • Most Asian stocks gained, with the Nikkei again a standout faller
  • It didn’t slip by much though, although its financials weighed it down
  • Other markets managed to ignore simmering geopolitics

Asians stock indexes managed gains on Tuesday, except for the Nikkei 225. It was weighed down by its big financial names as Deutsche Bank’s worries continue to reverberate.

The German giant said on Monday that it was after EUR8 billion ($8.5 billion) in cash from shareholders, sending its stock down 8% in Frankfurt. The Japanese benchmark did pare its losses into the close and ended down just 0.2%.

Australian stocks clawed their way up after a weak start. The Reserve Bank of Australia left its key Official Cash Rate on hold at its record low of 1.5%. This had been widely expected, and the RBA didn’t sound like a central bank keen to alter its policy settings any time soon. The Australian Dollar rose a little after the announcement but has traded a tight range since.

Markets managed to rise in general despite still-simmering geopolitics. The US said on Monday that it would deploy a missile defense system to South Korea to counter the missile threat from the North, while Malaysia and North Korea’s diplomatic row accelerated. Malaysia’s investigation into the murder of Kim Jong Nam on its soil goes on; he was the brother of North Korea’s leader Kim Jong Un. Pyongyang has reportedly barred all Malaysians in North Korea from leaving the country.

Investors are also looking to this month’s US Federal Reserve monetary policy meeting with ever-more certainty that interest rates will rise. The US Dollar seemed to steady on this prospect in Asia, with this Friday’s official US labor market data widely seen as the final hurdle to a rate hike on March 15. The Dollar Index ticked up to 101.63, from the one-month lows around 101.22 seen in the previous session.

Crude oil prices endured a quite session, with both US and Brent benchmarks close to flat.

The rest of the global day won’t offer investors much in terms of scheduled economic news. There’s a final look at the Eurozone’s Gross Domestic Product for the final quarter of 2016, and the US January trade balance, but that is about it.

It’s your favorite currency, but is it anyone else’s? Check out the DailyFX Sentiment Page

--- 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

News & Analysis at your fingertips.