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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
Wall Street
More View more
Real Time News
  • Australian #Dollar Forecast: #Aussie Breaks 2021 Range- $AUDUSD Rally at Risk -
  • Gold plunged into a critical uptrend support and the focus is on a reaction off this threshold. Get your $XAUUSD market update from @MBForex here:
  • NY Fed accepts $813.6 billion in reverse repo operations, a new record high $USD $DXY
  • Bostic sees first hike in 'late 2022' and doesn't want to hike until Taper is complete. If the Fed follows the three quarter spacing timeline it would suggest roughly: Dec 2022 hike < March 2022 finish taper < any month now start taper
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.94%, while traders in GBP/JPY are at opposite extremes with 73.25%. See the summary chart below and full details and charts on DailyFX:
  • Note: Bostic is a voter this year, but not a voter in 2022 or 2023
  • - Would prefer to hold off on raising interest rates until taper is complete
  • - Does not have a strong view on whether to taper mortgages before treasuries - Does not want to be premature in pulling back bond purchases, but market is functioning now
  • - Close to meeting substantial further progress standard to start bond tapering, appropriate to begin debate
  • Fed's Bostic - States that given upside surprises has brought forward first rate increase to late 2022 and sees two additional 25bps rate increases in 2023
Most Asian Stocks Gain Modestly As Oil, US Dollar Find Floors

Most Asian Stocks Gain Modestly As Oil, US Dollar Find Floors

David Cottle, Analyst

Talking Points

  • Asian Stocks made gains as the US Dollar held up and crude oil did likewise
  • Official data made good reading for Japan’s import and export levels
  • Mainland Chinese stocks were more torpid

Would you like to know more about financial market trading, or to get live coverage of major economic events? The DailyFX webinars are for you.

Asia/Pacific stocks were broadly higher Thursday, although some indexes pared gains into the close, as oil prices recouped some of their losses and the US Dollar firmed up.

Crude had earlier fallen to four-week lows following news of unexpected gains in US inventories and shale production but found their footing somewhat as the session wore on. There may also have been some respite from restive regional geopolitics but investors are still casting nervous glances at North Korea.

The approach of what could be a very tight first round of the French Presidential vote this weekend, and the now-looming prospect of a UK general election are also keeping market players glued to the newswires.

Still, stocks managed gains, with the ASX adding 0.2%. Mainland Chinese stocks were more mixed, with Shanghai up and Shenzhen down, but not by much in either case. The Nikkei couldn’t hold on and ended flat, having been up about 0.3% at one point.

Economic data were sparse, but what there was showed continuing vigor in Japanese trade. The New Zealand Dollar enjoyed a buoyant and lively session on news that consumer prices rose above forecasts in its home country, to five-year peaks. This news engendered new confidence that interest rates could rise this year, even if they are still thought unlikely to do so soon.

The US Dollar ticked up slightly against a basket of major-traded peers, and was notably stronger against the Japanese Yen.

International tensions over North Korea reportedly continued to support gold through the session, although the spot price was steady at around $1,278/ounce.

The remainder of Thursday will offer US initial and continuing jobless claims figures, along with the business outlook snapshot from the Philadelphia Federal Reserve branch. Eurozone consumer confidence data will also be released, and Bank of England Governor Mark Carney is due to speak in Washington DC, twice.

--- 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.