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. See our updated Privacy Policy here.

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
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
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
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.39% Wall Street: 0.12% Germany 30: -0.13% FTSE 100: -0.17% France 40: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Hs0k9sX2JC
  • Nasdaq 100 could carve out a macro-sized wedge. Dow Jones lower-low may only be beginning of bull-flag. Get your market update from @PaulRobinsonFX here:https://t.co/4Vw1gLMPvL https://t.co/ROaqvcVw7a
  • Heads Up:🇺🇸 Fed Chair Powell Testimony due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-22
  • NY Fed accepts $791.6 billion in reverse repo operations $USD $DXY
  • Fed's Daly: - We are looking to the fall for greater clarity on the economy's future path - It is appropriate to begin speaking about when to reduce the pace of asset purchases
  • Fed's Daly: - Even discussing interest rate adjustments is off the agenda - Inflation could breach 3% briefly but I expect that to unwind
  • Fed's Daly: -MBS purchases aren't having an impact on mortgage interest rates - We could reach "substantial further progress" threshold for taper later this year, or early next year
  • Why wait to do it over Twitter when it can be done in real time! https://t.co/CV986XpXX8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 86.92%, while traders in France 40 are at opposite extremes with 68.32%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/s0icLni9oU
  • $USD support test at a big spot right now https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/06/22/US-Dollar-Technical-Analysis-USD-Grasps-for-Higher-Low-Support.html https://t.co/UH1qxb7TR1
Asian Stocks Pick Up Across Board On Central Bank Optimism

Asian Stocks Pick Up Across Board On Central Bank Optimism

David Cottle, Analyst

Talking Points

  • All major Asia/Pacific markets ended Thursday in the green
  • Central bankers’ optimism has led to increased risk appetite and hope in the global economy
  • New Zealand’s soaring business confidence seemed to justify that hope

Get live coverage of all major Asian economic data, including Friday’s Japanese consumer price numbers, at the DailyFX webinars

Asian stocks rebounded Thursday, once again following Wall Street’s previous-day lead, as investors felt a little more sanguine about the global economic outlook.

Bank of England Governor Mark Carney became the latest central bank chief to hint that a better economic backdrop could mean that it’s time to dial back some post-crisis stimulus. His words came after Federal Reserve Chair Janet Yellen said earlier this week that no new financial crisis was likely “in our lifetimes.” The Nikkei 225 added 0.4%, with all other major regional bourses higher. South Korea’s Kospi had an especially excellent day. It made a new record high, briefly crossing the 2,400 point threshold.

The US Dollar was stuck at one-month lows against both the Euro, and even slipped against the British Pound. Investors moved to price in tighter monetary policy in Europe, based on this week’s central bank commentary, both in Frankfurt and London. The European Central Bank said on Wednesday that President Mario Draghi’s earlier remarks had been intended to signal tolerance for weaker inflation rather than any immediate policy move, but the Euro moved up anyway. The New Zealand Dollar got a boost from a very upbeat snapshot of consumer confidence, while its Australian cousin held firm on news of another rise in new-home sales. Japanese retail sales missed forecasts but still managed to maintain a decent run of annualized monthly gains.

Crude oil prices made moderate gains, of around eight cents or so a barrel. News of a decline in US production have put them on course for a sixth straight session of gains. Gold meanwhile edged up on that US Dollar weakness, rising to $1,251,87/ounce.

There’s plenty of economic data still to come through Thursday. In Europe investors will get a look at UK consumer credit and German inflation. Focus will probably be on the US though, from whence will come the “final” official look at first-quarter Gross Domestic Product. There’ll also be details of personal consumption along with initial and continuing jobless claims.

--- 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