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
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
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.17% Gold: -0.33% Silver: -1.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Xshcpqctej
  • $AUDUSD is another Dollar-based pair that is threatening a bigger technical breakdown than perhaps the market is ready to commit to. Overlay is the $SPX https://t.co/pANNa8eAiW
  • After a stern sell-off in July and August, USD/CAD has started to show hues of reversal so far in September. Get your $USDCAD technical analysis from @JStanleyFX here: https://t.co/j5hC4VhhE6 https://t.co/52lHdMIaWm
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.45%, while traders in NZD/USD are at opposite extremes with 69.56%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/tNmubxV6FB
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.64% Wall Street: 0.27% FTSE 100: 0.15% Germany 30: -0.02% France 40: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/r9XX8BodoC
  • GBP/USD is close to an important support level. If it breaks, the pair will be at its lowest level for two months and further falls would be on the cards over the next couple of weeks. Get your $GBPUSD market update from @MartinSEssex here: https://t.co/YfavzkCF4S https://t.co/A1wNaVKYIa
  • White House Economic Advisor Larry Kudlow: V-Shaped recovery doesn't depend on stimulus $SPY $QQQ
  • Canadian Dollar Price Forecast: USD/CAD Showing Reversal Tendencies https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/09/22/canadian-dollar-price-forecast-usdcad-usd-cad-loonie-puts-in-reversal-tendencies.html https://t.co/C9sxC11kKe
  • Australian #Dollar Forecast: $AUD/USD Plummets, Can Bulls Back the Bid? - https://t.co/FmFrODHLJd https://t.co/UFLhDKMZ7A
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.45%, while traders in NZD/USD are at opposite extremes with 69.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/iVljcN5k37
Asian Stocks Mixed, Narrow As Investors Mull Fed Minutes

Asian Stocks Mixed, Narrow As Investors Mull Fed Minutes

2017-07-06 07:02:00
David Cottle, Analyst
Share:

Talking Points

  • Asian stocks were mixed into Thursday’s close with no major index moving far
  • Investors were busy looking over the latest set of Fed meeting minutes, but not learning much
  • Australian trade headlines looked very good for exporters, but the detail was a bit less so

Get live coverage of all major Asia/Pacific economic numbers with the DailyFX Webinars

Asian markets were mixed and a little directionless Thursday, despite Wall Street’s better close the day before, as oil prices steadied after a sharp fall.

The release of minutes from the US Federal Reserve’s last monetary policy meeting saw investors little the wiser about likely interest rate action ahead or, indeed, when the Fed’s vast balance sheet might start to be pared back. Japan’s Nikkei 225 was down 0.4%, with Australia’s ASX near flat. Stocks in Seoul and Shanghai were very marginally higher.

The local economic schedule was light with only Australia’s trade balance numbers to attract attention. These put in a very strong headline performance, coming nearly two and a half times stronger than the A$1 billion expected. However, news of downward revisions to previous months tempered market cheer.

The US Dollar didn’t move far against a basket of its more widely-traded rivals but was softer against the Japanese Yen. Its Australian cousin also slipped back a little.

Gold prices were steady through the Asian session having hit eight-week lows on Wednesday after those Fed minutes found the central bank split on how inflation might affect the rate-hiking process. Higher US rates make non-yielding gold relatively less attractive.

The rest of the day’s data slate will probably be dominated by the US service-sector snapshot from the Institute for Supply Management. Swiss consumer price numbers are due, as are various European PMIs. The “account” of the European Central Bank’s last monetary policy meeting will be published, as will news of US jobless claims, mortgage applications and crude oil inventory. Canadian Dollar fans, and indeed foes, will want to keep an eye on building-permit data which are also coming up.

--- 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