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
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
GBP/USD
Bullish
USD/JPY
Bearish
Gold
Bullish
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • $AUDUSD dipped by about 0.25% following the latest US-China trade war news but the Aussie so far seems to be finding support around the 0.6800 handle. Get your market update from @RichDvorakFX here: https://t.co/fTUPDbt7Lz https://t.co/pLq0627odh
  • Update on #Cryptocurrencies #BITCOIN -3.75% #BITCOINCASH -6.18% #ETHEREUM -1.47% #RIPPLE -4.04% #LITECOIN -4.74%
  • RT @zerohedge: The market has now fully priced in a global economic recovery https://t.co/ZBDcLMa5At
  • Commodities Update: NYM WTI Crude 56.72 (-1.72%) ICE Brent Crude 62.16 (-1.80%) NYM NYH Gasoline 160.91 (-1.58%) [delayed]
  • En español: La reunión sorpresa entre Donald Trump y Jerome Powell refuerza el avance del $EURUSD #trading #forex #euro #EURUSD https://t.co/tqjw8624Vd https://t.co/upVrEBGhin
  • En español: Lareunión sorpresa entre Donald Trump y Jerome Powell refuerza el avance del $EURUSD #trading #forex #euro #EURUSD https://t.co/tqjw8624Vd https://t.co/mCBcDANxGv
  • RT @FirstSquawk: Secretary of State Michael R. Pompeo will speak to media at 2:30pm from the agency's press briefing room.
  • Fed's Mester: - Some evidence of negative rates being effective in Europe - Not a proponent for using negative rates in the US $DXY $TNX
  • Australian Dollar Forecast - $AUDUSD, $AUDJPY, $GBPAUD, $EURAUD (via @DailyFX) Full Analysis: https://www.dailyfx.com/forex/market_alert/2019/11/18/aud-price-australian-dollar-forecast-audusd-audjpy-euraud-gbpaud.html https://t.co/g2ZNBonRN8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.51%, while traders in France 40 are at opposite extremes with 82.48%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/OGfvL3E2oD
Asian Markets Trade Mixed But Narrow As Key Risk Events Near

Asian Markets Trade Mixed But Narrow As Key Risk Events Near

2017-06-07 07:25:00
David Cottle, Analyst
Share:

Talking Points:

  • Asian Stocks were mixed with no index moving far
  • Event risk is piling up for the end of the week
  • The UK election and the former Federal Bureau of Investigation Director’s testimony are on market minds

Find out just what the trading community thinks of your currency picks at the DailyFX Sentiment Page

It was a mixed but quite flat session for Asia/Pacific stocks Wednesday, despite Wall Street’s falls in the session before. The ever-closer approach of a crucial UK General Election on Thursday seems to be keeping market heroics to a minimum. Recently-dismissed former Federal Bureau of Investigation Director James Comey will testify before the US Senate on the same day.

In Tokyo the Nikkei closed up just 0.02%, showing little reaction to some more positive economic data in the shape of official leading indicators. Stocks in Shanghai were also moderately higher, but Sydney’s ASX 200 ended flat and the Kospi in Seoul was down by 0.4%.

There was one bit of European equity news through the session. Spanish banking giant Santander purchased smaller rival Banco Popular in a rescue operation. The European Central Bank had reportedly said that Popular was “failing or likely to fail” because of dwindling cash reserves.

In currency markets the Australian Dollar got a boost from first-quarter Gross Domestic Product numbers. These managed to beat forecasts by a whisker and, more importantly, dispel a growing feeling before the fact that growth might have been substantially weaker. Other currencies essentially marked time, with the US Dollar drifting broadly upward.

Oil prices slipped a little – 5 cents or so per barrel- in the now-customary trade-off between high supply levels and rising Middle East tensions. Gold meanwhile edged down but remains near 7-week highs. Raised levels of uncertainty are fuelling haven bids.

The rest of the session will offer investors a look at the economic outlook release from the Organisation for Economic Cooperation and Development, along with US oil inventory statistics out of key delivery node, Cushing, Oklahoma.

--- 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.