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
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇷🇺 Unemployment Rate (MAR) due at 16:00 GMT (15min) Expected: 5.6% Previous: 5.7% https://www.dailyfx.com/economic-calendar#2021-04-20
  • US Indices are all notably down today and the $VIX has risen back above 19.0, trading at a fresh high for the month. DOW -0.91% SPX -0.96% NDX -1.40% RUT -2.49% $DIA $SPY $QQQ $IWM https://t.co/NiUakfonzK
  • #Gold Price Outlook: Gold Breakout Stalls at Trend Resistance - $XAUUSD Levels - https://t.co/uDTxlXD38x https://t.co/9OG6neiIWm
  • Popular stocks in the reflation trade are getting killed today with $X $BA and $XOM taking on heavy losses and slipping beneath key trendlines https://t.co/QUBxrddVPf
  • NZD/USD trades to a fresh monthly high (0.7230) ahead of the update to New Zealand’s Consumer Price Index (CPI). Get your $NZDUSD market update from @DavidJSong here:https://t.co/S11FQOYOI6 https://t.co/oDwtxdAGn1
  • $WTI sharply lower following the news, falling from 63.50 to below the 62.00 level and hitting a six day low. WTI had just hit a fresh one month high above 64.00 yesterday before heading lower. $OIL $USO https://t.co/ua41VxOcK3
  • US House Judiciary Committee passes bill that would open oil producer group OPEC to antitrust lawsuits over production cuts #OOTT
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.30% 🇨🇭CHF: 0.08% 🇪🇺EUR: 0.07% 🇯🇵JPY: -0.03% 🇨🇦CAD: -0.10% 🇬🇧GBP: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/F5JFbaecXj
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -0.59% Wall Street: -0.68% Germany 30: -1.54% FTSE 100: -1.92% France 40: -2.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/XYTWCCVSa1
  • #Silver is currently trading back just above the 26.00 level. The precious metal was knocked slightly lower yesterday amidst a slight jump in longer-term US yields but is attempting to move higher again today. $XAG $SLV https://t.co/3nwbQdLpRU
Asian Markets Bounce Back On US Earnings, Aussie Banks Gain

Asian Markets Bounce Back On US Earnings, Aussie Banks Gain

David Cottle, Analyst

Talking Points

  • Asian bourses ended in the green, some of the notably so
  • A weaker US Dollar kept the Nikkei in check
  • But financials lifted the ASX as less-onerous-than-expected capital requirements were cheered

Polish your Asian markets’ strategy with the DailyFX Trading Guide

Asian stocks were mostly in the green Wednesday thanks to solid Stateside corporate earnings and better economic news out of China this week, which continues to lend support.

Wall Street’s lead had been mixed, but yet another record high for the Nasdaq kept the Asian bears at bay. The Nikkei 225 ended up just 0.1%, with the stronger Yen possibly preventing it from further gains. Australia’s ASX 200 ended up 0.9%- banks were in the lead there. New capital requirements were less oneros than so than some had feared. Chinese stocks ended well up, with a 1.5% gain for the Shanghai Composite. Better-than-expected local growth data released on Monday was reportedly still helping.

Wednesday’s Asian data schedule was thin. The Australian Leading Index from major lender Westpac topped the bill but it didn’t win many hearts, coming in under trend for the first time in nearly a year. Westpac’s economists think the country’s growth momentum is stalling and doubt that even the distant interest rate hikes forecast by futures markets will now happen.

The US Dollar clawed back some of the losses posted earlier this week when US Republican Senators failed to back their own party’s healthcare reforms, sowing investor doubts about the Donald Trump White House’s legislative power. But the greenback remained under pressure against Asia/Pacific currencies. It is still close to ten-month lows, at least against major traded rivals and notably weak against the Australian Dollar which is making 2017 highs.

Crude oil prices were lower again, by about 20 cents, as investors once more fretted about the high inventory levels which seem to continually plague this market. Gold prices were steady having hit their highest levels for the month on Tuesday.

The rest of the day’s economic data has a US flavour. Housing starts, mortgage applications and yet more oil inventory numbers are due for release.

--- 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