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
Bullish
USD/JPY
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
Gold
Bullish
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • What is the best time to trade #forex? Find out: https://t.co/M9R46r5ewa #tradingstyle https://t.co/gJ1QDrox67
  • #Gold prices may be given a tailwind from the FOMC minutes and escalating trade war risks if they fuel demand for anti-fiat assets amid expectations of additional Fed easing. Get your $XAUUSD market update from @ZabelinDimitri here: https://t.co/OJ7WUY9W7E $gld https://t.co/kBp3opzptm
  • Why should you set trading goals? How can it help regardless of what your #tradingstyle is? Find out: https://t.co/AYdD7ODlv1 https://t.co/G0ftVurNNN
  • Manning the penalty box today...i hope there aren't too many visitors https://t.co/1y81Li7laL
  • Do you think your #tradingstyle is of a #FOMO trader? Find out how you can turn that to #JOMO? Find out: https://t.co/79Q4pYdVEd https://t.co/S82AOd5AeP
  • What are the truths and lies of #forex trading regardless of your #tradingstyle here: https://t.co/uF75VPzstr https://t.co/xJ808KvLxr
  • RT @PaulMDomenick: “But Paul, I don’t have a mentor!! Really? •Do you have YouTube? You have a mentor! •Do you have a bookstore? You hav…
  • Trade deal bets kept the Singapore Dollar, Philippine Peso, Indonesian Rupiah and Malaysian Ringgit afloat despite $USD strength. This is the key fundamental driver for #ASEAN FX.Get your market update from @ddubrovskyFX here: https://t.co/aB8qP3JsB4 https://t.co/TiKvOV1M6k
  • US Dollar Ahead: EUR/USD Eyes FOMC & ECB Minutes, USD/CAD to CPI #USD $EURUSD $USDCAD - https://www.dailyfx.com/forex/fundamental/forecast/weekly/usd/2019/11/16/US-Dollar-Ahead-EURUSD-Eyes-FOMC-ECB-Minutes-USDCAD-to-CPI.html?CHID=9&QPID=917702 https://t.co/z3IaEpBNYG
  • DailyFX Sr. Currency Strategist @CVecchioFX is a long term macro trader. What is your #tradingstyle? Take the quiz and let us know in the comments! https://t.co/LPBOcS0Vtd https://t.co/KNMmfq6pW3
Most Asian Stocks Hold Up, Markets Eye Looming Fed Meet

Most Asian Stocks Hold Up, Markets Eye Looming Fed Meet

2017-06-13 06:31:00
David Cottle, Analyst
Share:

Talking Points:

  • Most Asian markets scored gains, with only the Nikkei down among the majors
  • It didn’t slip far however, losing just 0.05%
  • Investors are increasingly fixated on the US Federal Reserve and its June policy conclave

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

Most Asian stock markets managed small gains Tuesday despite ongoing pressure on US tech stocks in the previous session.

Caution still appears to reign, however, as well it might with a two-day US Federal Reserve monetary-policy meeting kicking off later. It's expected to result in another, quarter-percentage-point interest-rate rise. The Nikkei 225 ended down by a whisker, losing just 0.01%. Australia’s ASX 200 added 1.2% as markets there reopened after Monday’s holiday break. Other regional markets were up, by about 0.5% apiece.

The US Dollar was broadly steady against Asian currencies. However it rose once more against a British Pound still dealing with election fallout. The Canadian Dollar meanwhile managed its highest level against its US cousin for nearly two months on Tuesday, lifted by hawkish commentary from the Bank of Canada on Monday. Local economic numbers didn’t have much currency impact. Sentiment at large Japanese businesses hit lows not seen for a year according to official figures. Australian confidence slipped back too but it remains at comparatively high levels and surveyors at National Australia Bank said business overall was still upbeat.

Senior Deputy Governor Carolyn Wilkins said that first-quarter growth had been “pretty impressive” and that the central bank would in consequence consider whether current low rates are still needed.

Gold prices went nowhere through the Asian session, gaining a little less than 0.1% per ounce. Crude oil added about 12 cents/barrel on news that Saudi Arabia was making significant supply cuts to major consumers. However still-rising US output levels are ensuring the endurance of high overall supply levels.

The rest of the global session offers plentiful economic data. From the UK will come consumer-price and retail-sales numbers. There’ll also be Germany’s ZEW sentiment survey and US producer prices.

--- 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.