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.

Free Trading Guides
EUR/USD
Bearish
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
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
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
More View more
Real Time News
  • The $USD, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop. Find out from @ZabelinDimitri here: https://t.co/L8cfAgVx94 https://t.co/IkL6eYc0eq
  • Are recent gains in the Indian Rupee and Nifty 50 warranted? Risks are brewing in the background, leaving USD/INR in a consolidative setting as the Nifty pressures resistance. Get your $USDINR market update from @ddubrovskyFX here:https://t.co/svDaSdprvN https://t.co/dkQtNiE1fs
  • Seasonal factors, oversupply issues and the outbreak of COVID-19 has seen the price of liquefied #naturalgas (LNG) fall to 22-year lows (1.519), with the situation exacerbated by ‘fuller-than-normal’ storage facilities. Get your market update here:https://t.co/VOqfkBQ4aR https://t.co/hiWxPVFdMv
  • S&P 500 bulls in command, #Nasdaq 100 produces “V” shaped recovery, while #FTSE 100 extends . Get your #equities market update from @daniele recovery https://t.co/mbWlBUItWv https://t.co/N64fXcj97Y
  • Crude #oil prices await the #OPEC+ meeting where record output cuts could be prolonged as demand for energy from the US and China continues recovering. What could be the downside risks? https://t.co/M8BORPx4sH https://t.co/3kHHeibDb9
  • The risk rally continued in a big way this week and #Euro bulls have remained in-charge against the US Dollar and Japanese #Yen. Get your market update from @JStanleyFX here: https://t.co/o7vPmczvMJ https://t.co/GX2YTXz83u
  • The price of #gold may continue to exhibit a bullish behavior in June as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670). Get your Gold market update from @DavidJSong here: https://t.co/OeaYtCpcIo https://t.co/UQVPIVCTCP
  • The $USD breakdown has taken the index into confluence support at the objective yearly open. Get your USD technical analysis from @MBForex here: https://t.co/A16XEv6n4d https://t.co/GzEp3gCAe5
  • US equities continue to run higher with the Nasdaq 100 setting a fresh all-time-high, not even three months after giving back almost a third of its value in about a month. Get your #Nasdaq technical analysis from @JStanleyFX here: https://t.co/1LI54uvI8x https://t.co/e9FvSLqfaA
  • The US Dollar may be at risk to losses against some of its #ASEAN counterparts. USD/SGD, USD/PHP, USD/MYR and USD/IDR have recently broken to the downside. Will losses continue? Find out from @ddubrovskyFX here: https://t.co/0RTlj6maTT https://t.co/UyQ4i0AihI
Asian Markets Slide As North Korea Rhetoric Ramps Up

Asian Markets Slide As North Korea Rhetoric Ramps Up

2017-08-09 06:24:00
David Cottle, Analyst
Share:

Talking Points

  • Asian stocks mostly fell Wednesday as both North Kora and the US sounded more warlike
  • The Australian stock market was the most notable trend bucker
  • A stronger Yen weighed on the Nikkei 225 as it tends to do

Check out the Asia/Pacific currency outlook into 2017’s final quarter with the DailyFX forecasts

Stocks found the going tough Wednesday as warlike rhetoric ratcheted up between North Korea and the United States.

The former said that it was “carefully examining” plans for a missile strike on the US Pacific territory of Guam shortly after President Donald Trump said that any threat from the rogue state would be met with “fire and fury.” US intelligence also reportedly said that North Korea was now capable of making a nuclear warhead which could fit its known ballistic weapons.

This bellicose talk pinioned market attention and saw most Asian bourses lower, just as it had sparked a late selloff on Wall Street Tuesday, albeit in some cases from new record highs. The Nikkei 225 shed 1.3%, with Hong Kong and Shanghai lower. The ASX in Sydney bucked the trend, being geographically further away from the Korean peninsula and also boosted by news of local bank earnings. It was up 0.4%. However, it is worth pointing out that the likes of the Nikkei do look set to end some way above their session lows.

In currency markets haven bids lifted the Japanese Yen to eight-week highs against the US Dollar, with the South Korean won sinking only to recover somewhat. Monday’s local economic data tended to weigh on the Australian Dollar with both home loans and, especially, consumer confidence underwhelming. Chinese inflation data had little to offer coming in just a whisker under market expectations both at the consumer level and at the factory gate.

Crude oil prices slipped by about 20 cents per barrel for both the US benchmark and international Brent. Hoary themes remain in play as investors still doubt that traditional producers will be able to meaningfully reduce supply despite some evidence of US inventory drawdown. Gold prices made gains as investors shrank from risk.

The rest of the global day will offer news of US mortgage applications, Canadian building permits and more, weekly crude-oil inventory levels.

--- 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

News & Analysis at your fingertips.