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
Subscribe
Please try again
EUR/USD
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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.16% Gold: -0.87% Silver: -1.70% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/2ZM2rM1kJN
  • Well one $NDX trendline is dead and gone after today's rout and secondary support is coming up quick near 12,760 https://t.co/hJSPch42Zm
  • Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Mar 05, 2021 when Wall Street traded near 31,529.20. A contrarian view of crowd sentiment points to Wall Street weakness. https://www.dailyfx.com/sentiment https://t.co/zeXYkoKVW6
  • Nasdaq extends its selloff as tech stocks slide further due to surging bond yields. Get your #Nasdaq market update from @RichDvorakFX here: https://t.co/eEeeFpFYiF https://t.co/AFfRIHZMgr
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.05%, while traders in GBP/USD are at opposite extremes with 67.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dhdLOMU0TX
  • Nasdaq Extends Slide, Bond Yields Spike on Fed Taper Fears -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2021/05/12/nasdaq-extends-slide-bond-yields-spike-on-fed-taper-fears.html #StockMarket $NDX $QQQ https://t.co/e08fA8Wy73
  • US Treasury Department: - U.S. ran record $1.9 trillion budget deficit in first 7 months of FY2021 - Federal outlays climbed 22% to $4.1 trillion from Oct. through April - Revenues rose 16%, reflecting 2020 tax deferrals
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.28% Germany 30: -0.28% France 40: -0.34% Wall Street: -1.41% US 500: -1.71% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/PfhSpL5XsO
  • 🇺🇸 Monthly Budget Statement (APR) Actual: $-226B Expected: $-220B Previous: $-660B https://www.dailyfx.com/economic-calendar#2021-05-12
  • We've taken out short-term support on $SPX. Bigger levels below though. For this index, it is 4,000. For the Nasdaq 100, which has a floor more immediately at hand, it is 13,000 https://t.co/KeHxTw81Ht
Asian Markets Close Mixed, Wall St Gains Lend Support

Asian Markets Close Mixed, Wall St Gains Lend Support

David Cottle, Analyst

Talking Points:

  • Asian stocks were mixed on Friday but generally more composed
  • The US Dollar got a bit of respite too but remains heavy
  • Economic data was notable only by its absence and there’s not much coming later

Do you trade Asian Markets? Check out the DailyFX trading guide

Asian stocks were mixed into the finish Friday in a more relaxed session which took its lead from Wall Street’s Thursday recovery.

The question of Russian influence over the Trump Administration continues to echo, but investors summoned up the will to look elsewhere on a day very short of Asia/Pacific economic news.The Nikkei closed up 0.2%, with the ASX and the Shanghai Composite down by a similar amount. The Kospi joined is Japanese counterpart in the green zone though, if only just. It closed a whisker above flat.

There was some stronger economic data out of the World’s largest economy on Thursday, which probably helped lighten the Asian market mood. Applications for joblessness benefits fell unexpectedly while the Philadelphia Federal Reserve’s manufacturing index picked up.

The battered US Dollar got some respite, too and traded above this week’s six-month lows against major rivals. The haven Japanese Yen and Swiss Franc slipped a little. Crude oil prices looked sunnier, with gains of more than 30 cents for both the US benchmark and international Brent. Investors reportedly hope for an extension of output cuts and are eyeing two straight weeks of price rises. A rare sight indeed these days. Gold prices inched up in Asia on Friday. They had fallen by more than 1% Thursday but gained for five sessions before that and are on course for the biggest weekly rise since the middle of April.

The rest of the day is extremely light in terms of scheduled economic news but it’s not a total wasteland. Canadian consumer prices are coming up, as is Eurozone consumer confidence. The US Baker-Hughes oil rig count will round out the week. Investors will hear from Vitor Constancio, Deputy President of the European Central Bank. He’ll speak at a panel discussion in Brussels moderated by his ECB colleague, chief economist Peter Praet.

St. Louis Federal Reserve President James Bullard will focus on “the US Economy and Monetary Policy.” That should draw quite a crowd.

--- 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