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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Bullish
Oil - US Crude
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
Bitcoin
Mixed
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
Most Asian Stocks Gain Modestly As Oil, US Dollar Find Floors

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

2017-04-20 06:36:00
David Cottle, Analyst
Share:

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.

DISCLOSURES

News & Analysis at your fingertips.