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
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • USD strength has shown in September but that’s been a change-of-pace to the bigger-picture trend of weakness. Which will take over in Q4? Get your $USD market update from @JStanleyFX here:https://t.co/BAFre6au9x https://t.co/SL8kg2GlH0
  • Pelosi says stimulus talks with Mnuchin will continue - BBG
  • Update on #Cryptocurrencies #BITCOIN -0.55% #BITCOINCASH -0.35% #ETHEREUM -0.68% #RIPPLE -0.46% #LITECOIN +1.08%
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.28% Gold: -0.31% Silver: -3.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/E9jn9lVQkj
  • US Dollar: Ready to Rumble with High-Impact Data - EURUSD, AUDUSD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/09/30/US-Dollar-USD-Ready-to-Rumble-High-Impact-Data-EUR-USD-AUD-USD.html https://t.co/4NyN3ROIwJ
  • Senator McConnell signals that a deal is still far off on stimulus $SPX $DJI $DXY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.18%, while traders in Wall Street are at opposite extremes with 69.58%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cF2BM1c9q9
  • In the very short term, price action in USD/CAD is likely to be distorted by month-end flows. The general view is that month-end is expected to be USD supportive. Get your $USDCAD market update from @JMcQueenFX here: https://t.co/skS3cCMzB4 https://t.co/4o7EFmM86G
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.89% US 500: 1.53% FTSE 100: 0.20% France 40: 0.07% Germany 30: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/o3yVsioOC5
  • Fed's Bowman: - Continued monetary and targeted fiscal support may be needed - If virus worsens asset prices will be vulnerable to price drops - BBG
Asian Markets Mainly Higher, US CPI, Earnings In Focus

Asian Markets Mainly Higher, US CPI, Earnings In Focus

2017-07-14 06:55:00
David Cottle, Analyst
Share:

Talking Points

  • Most Asian stocks ended higher, if not by very much
  • Investors were caught between Fed Chair Janet Yellen’s Congressional Testimony and US inflation numbers’ approach
  • The US Dollar was similarly becalmed

Fine-tune your Asia/Pacific strategy with the DailyFX Trading Guide

Asian markets had a quiet, mixed Friday but ended mostly higher ahead of key US economic numbers later in the day and the start of a new corporate earnings season.

Having digested what they seem pretty sure are less hawkish monetary policy comments from Federal Reserve Chair Janet Yellen, investors are now looking toward official June US Consumer Price Index data which is coming up later Friday. Signs of a pickup could see early-rate-hike bets put back on, but consensus looks for a relatively benign 1.7% annualized June gain. The Nikkei ended up 0.2%, with South Korea’s Kospi adding a similar amount. Australia’s ASX added 0.2%, Mainland Chinese markets were just a shade lower.

The US Dollar went nowhere very much against its Asia/Pacific rivals, which meant the Australian and New Zealand Dollars are holding on to their post-Yellen gains. USD/JPY was steady around 113.40

Benchmark oil prices lost about ten cents/barrel with the latest high US inventory numbers weighing but still look set to finish up on the week. Similarly, gold prices were slightly lower in a very muted session but still look set for their first week of gains in three.

The rest of Friday’s focus will be on those US consumer prices. Staying with the world’s largest economy, advance June retail sales numbers are coming, as is the University of Michigan’s consumer-sentiment roundup. Europe’s slate offers nothing of similar magnitude but Eurozone trade-balance figures are due.

--- 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