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
Oil - US Crude
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
More View more
Real Time News
  • The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever. Get your market update from @DavidCottleFX here:https://t.co/xTKHOvrIqg https://t.co/z7ogzy00dy
  • What are the Market cycles? How are #currencies impacted in these cycles? How can these cycles impact #forextrading patterns? Find out here: https://t.co/ckr2fUOWqW https://t.co/g7iT8bpi7f
  • What are a few of the common trading mistakes made by traders? Find out from @WVenketas here: https://t.co/d3OFc4yGao #tradingstyle https://t.co/wQ1MAkOb0n
  • The UK population voted the Conservative government back in with a strong majority, giving PM Johnson the backing to push Brexit through. And Sterling (GBP) likes it. Get you $GBPUSD market update from @nickcawley1 here: https://t.co/tjCHWDxoWm https://t.co/Z7Vaadxy5r
  • #Gold prices may fall while the US Dollar gains even as economic policies championed by the Trump administration invite inflation. Get your $gld markets news from @IlyaSpivak here:https://t.co/4lHhHsby56 https://t.co/zF4EyLIRWM
  • Lessons from Bretton Woods are forgotten, the US-China #tradewar represents a true existential threat to the post-World War II international trade order, and in turn, the globalized economy that has grown out of the ashes of history. More from @CVecchioFX :https://t.co/paaBxX6Xt0 https://t.co/tcjkQnaBWl
  • What are the truths and myths of #forex trading? Find out from @DailyFX analysts here: https://t.co/uF75VPzstr #FOMOintrading https://t.co/bDXG2dV3wG
  • The US Dollar technical outlook against the Euro, British Pound, Australian Dollar and New Zealand Dollar are discussed. Large wicks left signs of indecision, will reversals follow? $EURUSD $GBPUSD $AUDUSD $NZDUSD - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/12/15/US-Dollar-Technical-Outlook-EURUSD-GBPUSD-AUDUSD-NZDUSD.html?CHID=9&QPID=917702 https://t.co/dpuIppxo3F
  • What are some trading mistakes @nickcawley1 made during his career and what did he learn from them? Find out: https://t.co/y3cckNW22W https://t.co/vUQyVl6b0e
  • Growth linked currencies have gained as investors hope for progress on the trade front as well as stimulus from the Fed. The global economy however remains depressed and seems likely to remain so. Get your market update from @DavidCottleFX here: https://t.co/jt1HH9AHLM https://t.co/Yz65AMJYlm
Asian Markets Slip as Quarter-End Looms, ASX Shines

Asian Markets Slip as Quarter-End Looms, ASX Shines

2017-03-30 06:31:00
David Cottle, Analyst

Talking Points

  • Most Asian stocks slipped back on Thursday, with quarter end now in sight
  • Falls came despite a stronger US Dollar, European political risk seems to have kept heroics to a minimum
  • The bullish ASX stood out as a resolute gainer


Asian stocks fell on Thursday as the end of 2017’s first quarter loomed. The US Dollar gained, a sight which usually buoys the region’s bourses, but uncertainties such as those surrounding Brexit seemed to keep the bulls cautious.

The Nikkei ended down 0.8%, with stocks in South Korea, mainland China and Hong Kong also under pressure. Shanghai stocks took a big, 1.1% hit, on continued liquidity worries and a muted earnings season. New local listings were especially heavy.

Australia’s ASX 200 was the standout contrarian performer, rising 0.4% as its energy sub-index gained with oil prices. The ASX has managed to be a little more independent than most of late, and has staged a strong turnaround from last week. The economic data have also been supportive with one survey showing that job vacancies rose 1.8% between December and February, for the best showing since May 2011.

The US Dollar also rose, with its position against a basket of widely traded rivals rising to nine-day highs. The Euro had slipped on Wednesday following a report that European Central Bank policymakers were wary of stepping away from monetary easing.

Crude oil prices edged up again extending gains into a second day thanks to supply disruptions in Libya. Well-stocked US inventories reportedly continue to weigh, but some drawdown rates are now increasing. Gold prices headed lower, likely thanks to a stronger greenback. However, rising European uncertainties such as the Brexit process, now officially started, and upcoming French elections kept its losses in check.

There’s plenty of economic life left in the global session after Asia/Pacific trade winds down. Investors can look forward to official German consumer price data for March, another shot of US growth in the final quarter of 2016, along with weekly and continuing jobless claims.

There are a few central-bank speakers coming up too. Dallas Federal Reserve President Robert Kaplan, New York’s William Dudley and San Francisco’s John Williams are all due to talk.

Would you like to know more about trading the financial markets? DailyFX’s trading guide should be your first stop.

--- 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.


News & Analysis at your fingertips.