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
Bearish
GBP/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
USD/JPY
Bullish
More View more
Real Time News
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/HzHZKB6lNG
  • (Commodities Briefing) Crude Oil Prices at Risk if US PPI Data Echoes the Consumer Inflation Beat #OOTT #WTI #Oil #CrudeOil https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/13/Crude-Oil-Prices-at-Risk-if-US-PPI-Data-Echoes-the-Consumer-Inflation-Beat.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ojHQZXPFF3
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/NVlReyO4Ln
  • 🇯🇵 Eco Watchers Survey Outlook (APR) Actual: 41.7 Previous: 49.8 https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇯🇵 Eco Watchers Survey Current (APR) Actual: 39.1 Previous: 49 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (APR) due at 05:00 GMT (15min) Previous: 49.8 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Heads Up:🇯🇵 Eco Watchers Survey Current (APR) due at 05:00 GMT (15min) Previous: 49 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Crude oil double top in the works? - #CL1! chart https://t.co/IXWHfFNqRF
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.04%, while traders in GBP/USD are at opposite extremes with 64.57%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lrz6hYQcvg
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.11% 🇳🇿NZD: 0.05% 🇬🇧GBP: 0.04% 🇪🇺EUR: 0.01% 🇯🇵JPY: -0.02% 🇦🇺AUD: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DLZh2GHNhV
Asian Stocks Mixed, Narrow As Investors Await Fed

Asian Stocks Mixed, Narrow As Investors Await Fed

David Cottle, Analyst

Talking Points:

  • The Fed was in charge of Asian markets today as investors awaited its monetary verdict
  • Stocks were mixed in the interim, with Toshiba weighing on the Nikkei
  • Oil prices swooned as OPEC revealed a rise in output

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

Asian markets were hunkered down to await the US Federal Reserve’s monetary policy decision on Wednesday, with a mixed tone to stock markets in the runup.

The US central bank’s two-day policy meet is widely expected to end with another quarter-percentage-point interest rate rise, but markets are understandably keen for any steer on how many more of these there may be.

The Nikkei lost 0.1%, with Toshiba under some pressure on reports that it is facing another huge law suit over what it called “accounting issues.” Australia’s ASX added 0.8% but most other regional bourses were down, if not by very much.

Local data were mixed too. China’s industrial production cheered the Australian Dollar by inching past expectations, although the rest of the day’s Chinese number deluge came in about as expected. Australian consumer confidence took another knock, but this passed markets by.

Currency markets were otherwise dull, as investors looked to the Fed. The US Dollar index was all-but flat, with USD/JPY torpid too.

Crude oil prices shed about 1%- or 50 cents a barrel- for both the US benchmark and international Brent. The Organization of Petroleum Exporting Countries reported a rise in production despite pledges to cut back, while numbers out of the US had shown yet another stock build.

Gold prices inched higher once again, but could come under some pressure if the Fed doesn’t change its interest-rate outlook.

No prizes at all are on offer for guessing what will dominate the remainder of the session. However, before investors hear from the Fed they’ll get a look at US and UK consumer prices along with Eurozone industrial production figures. There’s yet-more US crude-inventory data coming up too.

--- 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