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
EUR/USD
Bullish
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
Gold
Bullish
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
Mixed
More View more
Real Time News
  • RT @Barnes_Joe: 1: Ahead of the ninth formal round of Brexit trade talks in Brussels, there is a sense of cautious optimism a deal can stil…
  • *BREAKING: Turkish Central Bank regains independence $TRY https://t.co/HwvrRtf08F
  • 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/38gTDn8ejP https://t.co/ZcLzt2QlSZ
  • Heads Up:🇬🇧 Winter Economy Plan due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-24
  • 🇲🇽 Mid-month Inflation Rate YoY (SEP) Actual: 4.1% Expected: 4.05% Previous: 3.99% https://www.dailyfx.com/economic-calendar#2020-09-24
  • 🇲🇽 Mid-month Inflation Rate MoM (SEP) Actual: 0.16% Expected: 0.12% Previous: 0.24% https://www.dailyfx.com/economic-calendar#2020-09-24
  • Chinese Yuan to garner attention amid the FTSE Russell review of Chinese bonds - Expectations are for Chinese bonds to be included in the WGBI - Last month had been the 21st consecutive month of foreign investors increasing exposure to Chinese bonds #CNH
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.76%, while traders in EUR/GBP are at opposite extremes with 66.47%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/TuU1FF6X7g
  • Heads Up:🇵🇱 Monetary Policy Meeting Minutes due at 11:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇲🇽 Mid-month Inflation Rate YoY (SEP) due at 11:00 GMT (15min) Expected: 4.05% Previous: 3.99% https://www.dailyfx.com/economic-calendar#2020-09-24
Asian Stocks Mixed, US Dollar Capped By Fed Comments

Asian Stocks Mixed, US Dollar Capped By Fed Comments

2017-03-21 08:41:00
David Cottle, Analyst
Share:

Talking Points:

  • It was another mixed session for Asian stocks which largely mirrored Wall Street’s fortunes
  • Australian house prices leaped higher, according to official data, as the country’s central bank was revealed to be more worried about froth in this market
  • The US Dollar slipped as investors doubt another rate hike will come hard on the heels of this month’s

Asian stocks were mixed again on Tuesday, as were their Wall Street counterparts in the session before, with a softer US Dollar weighing on possible progress.

The greenback was held back by Chicago Federal Reserve President Charles Evans. He said on Monday that the Fed was in no rush to raise interest rates again, and may wait until at least June before deciding on another hike.

The Nikkei slipped as Japanese markets returned to full strength after Monday’s holiday, ending down 0.3% as that weaker US Dollar hit exporters. However, Seoul’s Kospi added 1.06% to hit an intra-day high for the year. Investors appear pleased that the long process of Presidential impeachment in the country has at least ended, although former President Park Geun-hye saw prosecutors on Tuesday for further questioning.

Australia’s ASX slipped 0.1%, dragged down by a weaker raw materials sub-index. The minutes of the Reserve Bank of Australia’s March policy meeting again highlighted risks from a frothy housing market. They were released at the same time as an official survey which showed house prices stormed upward in the final quarter of 2016. Chinese stocks managed very modest gains.

The US Dollar was broadly lower through the Asian session, with Mr. Evans comments getting much of the blame.

Crude oil prices slipped again as investors again worried about persistent supply overhang even in the face of production cuts. Gold prices edged down too, but nevertheless held near two-week highs. The prospect of Fed hikes delayed won’t trouble gold bulls.

Coming up on the global data schedule we have UK inflation numbers, Canadian retail sales and the US trade balance. There are three Federal Reserve speakers on tap too: New York Fed President Bill Dudley, Kansas City Fed chief Esther George and Cleveland’s Loretta Mester.

Would you like to know more about trading the foreign exchange market? The DailyFX trading guide is for you.

--- 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