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
Wall Street
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
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • The New Zealand Dollar’s correction lower against the Japanese Yen and US Dollar may be at an end, as NZD remains constructively perched above key chart support. Get your $NZD market update from @DanielGMoss here:https://t.co/8GiKFTfrMP https://t.co/d2nKfhTfqZ
  • Heads Up:🇦🇺 Ai Group Manufacturing Index (SEP) due at 22:30 GMT (15min) Previous: 49.3 https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 22:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-30
  • FDA expands U.S. safety inquiry into AstraZeneca vaccine: Reuters via BBG
  • I don't think there was even a meaningful 'hope' from the market that this was going to get through, so likely no risk retreat as part of an earnest disappointment https://t.co/9plviuDq0Y
  • House delays stimulus bill vote to allow for more time on talks - BBG
  • SA’s official Q2 unemployment rate at 23.3%, down from 30.1% in Q1. Get your $USDZAR market update from @RichardSnowFX here: https://t.co/coIzNSve7u https://t.co/bAGMxZVYYN
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.50% 🇨🇦CAD: 0.49% 🇦🇺AUD: 0.47% 🇯🇵JPY: 0.21% 🇨🇭CHF: -0.15% 🇪🇺EUR: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/84GPyworwF
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: -0.58% Oil - US Crude: -0.84% Silver: -3.68% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/xsYcuQg0ug
  • See my #2020election special take on the following question: Will Trade Wars Persist After the US Election? https://www.dailyfx.com/forex/fundamental/article/special_report/2020/09/30/will-trade-wars-persist-after-the-us-election.html
Asian Markets Lower, Investors Fret US Legislative Impasse

Asian Markets Lower, Investors Fret US Legislative Impasse

2017-03-27 06:32:00
David Cottle, Analyst
Share:

Talking Points

  • Asian markets retreated as the withdrawal of a key US healthcare bill cast doubt on the Trump Administration’s legislative power
  • The Dollar slipped too as rate-hike bets based on a pro-growth Trump program were pared
  • Chinese industrial profits surged as raw material prices recovered

Asian markets were mostly lower on Monday, following Wall Street’s lead as doubts rose over US President Donald Trump’s legislative ability. Republican leaders Friday pulled a key bill aimed at overhauling US healthcare.

Worries of policy gridlock on Capitol Hill, and the possible knock-on effects of that on global markets which expect a radical pro-growth agenda, sent the US Dollar lower too. The Nikkei slipped 1.4%, with a haven bid for the Yen weighing it down.

Toshiba slipped nearly 4% on local media reports that its troubled US subsidiary Westinghouse may file for bankruptcy on Tuesday. In Australia, the ASX 200 fell 0.2%, growth worries weighed on its plentiful raw-material names.

In Seoul ,the Kospi shed 0.5% after local prosecutors said that they would seek the arrest of President Park Geun-hye, who was impeached earlier this year after accusations of bribe-taking. Shares were just higher in Shanghai and just lower in Shenzhen, despite news that Chinese industrial profits rose 32% between January and February. The profit was mostly due to rises in the price of coal, steel and crude oil.

Hong Kong stocks fell following Sunday’s choice of pro-Beijing civil servant Carrie Lim as next chief executive of the territory.

Gold prices rose as the failure of that US AHCA healthcare bill saw rate-hike bets pared. Crude oil gained then fell. Hopes that major producers might extend their production cut into the second half of the year were dashed when they opted instead to review the matter next month.

The rest of the session will offer Germany’s Ifo business sentiment survey. As for central bank speakers, Chicago Federal Reserve President Charles Evans and European Central Bank chief economist Peter Praet, will take the stage in Madrid.

Would you like to get live, interactive coverage of major, market-moving economic news? Try theDailyFX 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