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
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
Mixed
USD/JPY
Bullish
Gold
Bearish
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
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
Bearish
More View more
Real Time News
  • #Gold prices may rise along with the $SEK and $NOK if the ECB and FOMC minutes fuel rate cut bets and boost the appeal of non-interest-bearing assets and riskier currencies. Get your market update from @ZabelinDimitri here: https://t.co/LFpNQ4OwLG
  • Overnight index swaps are now pricing in about a 50.1 percent probability of a 25bp #RBNZ rate cut at the May 2020 monetary policy announcement $NZDUSD
  • The $GBP has remained quite steady as general election campaigning begins in earnest. Can it remain so given the huge #Brexit differences between candidates? Find out from @DavidCottleFX here:https://t.co/3ftWj2HhLJ https://t.co/igUoZZiqlH
  • #NOK, #SEK and #GBP are expected to be the most-active #G10 currencies #USD with one-week implied volatility at 7.68, 7.28 and 6.85 respectively
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Gold: 0.03% Silver: -0.06% Oil - US Crude: -0.69% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NKYwNN4UKx
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.04% 🇬🇧GBP: 0.03% 🇨🇦CAD: 0.02% 🇦🇺AUD: -0.00% 🇳🇿NZD: -0.02% 🇨🇭CHF: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/MhXCqXQZBS
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.17%, while traders in France 40 are at opposite extremes with 83.60%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/51OEaBUR7T
  • RT @YuanTalks: #PBOC cut yuan’s fixing by 89 pips to 7.0306 per USD, vs 7.0217 one day earlier.
  • RT @globaltimesnews: China urges the US to stop provocations to avoid unforeseen incidents. The Chinese military is determined to safeguard…
  • The $AUD and its local #ASX 200 stock index have diverged in what may be a sign of market confidence in ebbing US-China trade war and #Brexit risks. Get your market update from @IlyaSpivak here: https://t.co/nuN48hX6d6 https://t.co/7eMZlyYqaM
Asian Markets Trade Cautiously As UK Electoral Voting Kicks Off

Asian Markets Trade Cautiously As UK Electoral Voting Kicks Off

2017-06-08 06:42:00
David Cottle, Analyst
Share:

Talking Points:

  • There was plenty of Asian economic news on tap, but markets largely let it wash over them
  • Voting has started in a crucial UK general election and former Federal Bureau of Investigation Director James Comey will testify to the US Senate later
  • The Japanese Yen survived a truly horrendous downward revision to official growth figures

Give your Asian market trading strategy a tune-up with the DailyFX guide

It was another mixed and narrow Asia/Pacific trading day Thursday, as it was probably always going to be.

Markets were focused on the critical UK general election in which voting is getting under way. The market consensus appears to be that Prime Minister Theresa May’s Conservative Party will win and go on to the process of Brexit negotiations. That said the polls have narrowed considerably into the vote.

Investors also awaited Thursday’s Senatorial testimony from former Federal Bureau of Investigation Director James Comey, dismissed by President Donald Trump on May 9.

While they did the Nikkei 225 slipped 0.4%, with other regional indexes modestly higher. The ASX 200 added just 0.04% by the close.

Despite this watchful calm it was a full day for Asia/Pacific data. The Japanese Yen survived a horrible downward revision to its homeland’s first-quarter Gross Domestic Product figures. The Australian Dollar meanwhile took hit from a massive trade-surplus miss, although it is probable that the effects of April’s Cyclone Debbie on export infrastructure did the damage, rather than anything more sinister and long-term.

Later in the session China’s US-Dollar-terms trade balance for May was $40.81 billion. This was well below forecasts, which centered around $47 billion. However both exports and imports grew ahead of expectations. Japan’s “Economy Watchers’ survey found both current conditions and outlook optimism above forecast levels, but only just.

The UK Pound held steady close to two-week highs against the US Dollar. The foreign-exchange market was generally calm, with news of yet another North Korean missile test passing it by.

Gold prices edged lower in the Asian session, but only by about 0.2%. Crude oil prices added about 25 cents per barrel, recovering a little from the sharper falls which came earlier on news of a US inventory build.

On the economic front the rest of the day will bring June’s monetary policy decision from the European Central Bank, with no change expected. US initial and continuing jobless-claims data will see daylight, as will the Bank of Canada’s Financial System Review.

--- 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.