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
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 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
  • The British Pound technical outlook still seems to favor the downside. GBP/CAD may pressure key rising support from August as GBP/AUD could prolong its downtrend. GBP/CHF may fall. Get your $GBP market update from @ddubrovskyFX here: https://t.co/hBOpDKXmfW https://t.co/AJlT2YKeCu
  • USD/JPY is approaching medium-term uptrend resistance and while the outlook remains constructive, the advance may be vulnerable near-term while below confluence resistance. Get your $USDJPY technical analysis from @MBForex here: https://t.co/93D7AyhHtG https://t.co/KQcLLrkMP3
  • AUD/USD has had the most impressive show of trend over the past couple of months with the pair gaining almost 1500 pips from the March low. Get your $AUDUSD technical analysis from @JStanleyFX here: https://t.co/vLz4Rpln3u https://t.co/AOwnJja5V8
  • Has the #Euro been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/AyRiYpb4cN
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/ygwjGNvS61
  • 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/THWhPAS6AM
Asia Stocks Mixed, US Dollar Down On Fed Minutes, ECB Up Next

Asia Stocks Mixed, US Dollar Down On Fed Minutes, ECB Up Next

2017-08-17 06:19:00
David Cottle, Analyst
Share:

Talking Points

  • Asian stocks endured a tepid session as investors mulled the latest set of policy meeting minutes from the Federal Reserve
  • Further rate hikes have come under some question
  • The US Dollar weakened, never a sight Asian share investors much enjoy

New to foreign exchange trading? Our beginners’ guide is here to help

The US Dollar was wobbly in Asia Thursday after minutes from the Federal Reserve’s last policy meeting showed officials worried about soft inflation, worries which could potentially see rate increases delayed.

The minutes showed some on the Federal Open Market Committee calling for a halt to hikes until it was clear that inflation was picking up again. The Euro duly traded back above $1.1770, with USD/JPY dropping below 110.00. The Dollar Index, which tracks in the greenback against widely traded rivals, shrank back from Wednesday’s three-week high.

Asian equity indexes closed mixed, with most of them retreating back towards their opening levels. The Nikkei 225 fell 0.1% as did Australia’s ASX, with the Shanghai Composite up 0.3%. A weaker US Dollar held its customary poison for the region’s plentiful export names.

The day’s main Asia Pacific data release came in the form of an Australian employment roundup for July. Headline job creation was better than expected but the Australian Dollar failed to capitalize on this, probably because full-time job numbers fell quite sharply. The Aussie rose again later however as general US Dollar weakness prevailed.

Gold prices generally firm up when it looks as though US rates might not rise as sharply as markets thought and sure enough prices inched higher on Thursday. Crude oil prices edged up slightly but the usual dynamics of lower US inventory and high overall global supply remained dominant.

The rest of economic Thursday will bring UK retail sales numbers, the official account of the last European Central Bank policy meeting and US continuing jobless claims figures. The Philadelphia Fed’s business outlook is coming up too.

--- 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.