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
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇩🇪 Bundesbank Mauderer Speech due at 10:45 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-25
  • UK PM Johnson says looking at relaxing some measures before mid-Feb - Sky News
  • German Economy Ministry expects economy to reach pre-crisis levels in Mid-2022
  • Italian PM Conte is not planning on resigning with view to forming new government - source - $EUR
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/6wwUzYPx06
  • 🇩🇪 Ifo Business Climate (JAN) Actual: 90.1 Expected: 91.8 Previous: 92.2 https://www.dailyfx.com/economic-calendar#2021-01-25
  • 🇩🇪 Ifo Business Climate (JAN) Actual: 90.1 Expected: 91.8 Previous: 92.1 https://www.dailyfx.com/economic-calendar#2021-01-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 65.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ZP288xVLpV
  • Heads Up:🇩🇪 Ifo Business Climate (JAN) due at 09:00 GMT (15min) Expected: 91.8 Previous: 92.1 https://www.dailyfx.com/economic-calendar#2021-01-25
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.47% Silver: 0.05% Gold: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/m3Trp8VaJ8
Asian Markets Gain As Risk Appetite Returns, Will It Hold Up?

Asian Markets Gain As Risk Appetite Returns, Will It Hold Up?

David Cottle, Analyst

Talking Points

  • Most Asian markets headed upward as risk appetite came back to the investment world
  • Japanese growth data blew forecasts away but neither stocks nor the yen capitalized
  • The US Dollar made back some lost ground

Is your Asia/Pacific Market Strategy struggling? Learn how successful traders do it right here

Monday’s big Asian economic news was a blockbuster set of Japanese growth data, but the financial markets were focused elsewhere.

The first official look at Gross Domestic Product in the world’s third-largest economy saw growth power ahead at an annualized 4% rate. This was hugely better than the 2.5% gain markets had been looking for. Indeed it was the best showing by Japan since the start of 2015. It’s quite rare for a developed economy to nearly double growth forecasts, but that’s what happened here.

However, markets remained in thrall to geopolitical risk which was held to have declined since last week as top US officials moved to lower the temperature of the rhetoric passing between their country and North Korea. That saw most stocks gain while the perennial haven Japanese yen lost ground. The Australian Dollar inched up too. With some irony the Nikkei 225 was about the only major Asian bourse to slip on Monday. Tokyo was back in the game after a day’s holiday on Friday and investors clearly felt they had some offloading to do despite those punchy figures.

The New Zealand Dollar got a lift from better-than-forecast retail sales.

China's policymakers may be glad that market focus was on broader themes because two key data points from its economy missed forecasts and, perhaps more tellingly decelerated from the previous month. Both July’s industrial production figures and its retail sales came up short.

Crude oil prices slipped a little, reportedly as a slowdown in Chinese refining cast fresh doubts over demand. Gold slipped too as risk appetite returned and the US Dollar gained.

The rest of the day offers investors very little in the way of scheduled economic news with only Eurozone industrial production likely to whet appetites.

--- 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