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. See our updated Privacy Policy here.

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
More View more
Real Time News
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3ISNw2 https://t.co/wHRSW07Fkn
  • RT @FxWestwater: Gold, Iron Ore Forecast: Prices Hinge on FOMC, Evergrande Crisis, China Steelmaking Curbs Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/09/21/Gold-Iron-Ore-Forecast-Prices-Hinge-on-FOMC-Evergrande-Crisis-Steelmaking-Curbs.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr h…
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM73cHA https://t.co/FsbhOelVEk
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCZ9dzS https://t.co/I8jJq8NGCH
  • We are heading into a Tuesday lull which precedes Wednesday's FOMC focus. Will the absence of distractions allow for risk trends to gain momentum or perhaps will Fed anticipation temper the $SPX tumble? My take: https://www.dailyfx.com/forex/video/daily_news_report/2021/09/21/Fed-Taper-Focus-May-Help-Stall-the-SP-500s-Collapse-Dollars-Charge.html https://t.co/T4m60xEfk6
  • CTV projects Trudeau wins his third term as Canada's Prime Minister - BBG
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9FlspUVZz https://t.co/KY6MiOC9Y6
  • US House Speaker Pelosi says top-line spending number may change but hopes for $3.5 trillion in spending bill - BBG
  • RBA Minutes: - Board committed to providing high level of monetary support - Q3 GDP expected to decline materially - Central scenario is rates on hold until 2024 - BBG $AUDUSD
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-21
Asian Stocks Mixed Again, Jackson Hole Squarely In Sight

Asian Stocks Mixed Again, Jackson Hole Squarely In Sight

David Cottle, Analyst

Talking Points

  • Asian stocks were mixed again Thursday
  • The Nikkei 225 took a notable hit as steelmakers struggled
  • The US Dollar had a more restful session as traders mull the chances of big central bank news from Jackson Hole

What makes a successful trader? We’ve examined over 40 million trades in the cause of finding out.

Asian stock markets were mixed again Thursday as investors found themselves short of one overarching story to guide trade.

The Nikkei ended down 0.4%, near 3.5-month lows. Its steelmakers were reportedly hit by a report that Toyota was looking to cut the price of steel supplied to component suppliers. Shanghai stocks were also down but Australia’s ASX 200 did better, rising 0.3%. The Hang Seng and Kospi also rose.

Local economic data were once again sparse, although the New Zealand Dollar got a lift from the surprising news of a rare trade surplus in its home country. More broadly the US Dollar inched up as focus returned squarely to this week’s Jackson Hole central banking symposium and away from US President Trump’s Dollar-shrivelling epithets on everything from the Mexican border to the North American Free Trade Agreement.

Investors seem to be making Federal Reserve Chair Janet Yellen the main focus of Jackson Hole, now that reports suggest European Central Bank Chief Mario Draghi may not use the occasion to announce stimulus reduction. Anything Ms. Yellen may have to say about the chances of another

Gold prices inched down in a session which offered the asset class little news either good or bad. Crude oil prices clung to most of the previous day’s gains, which came in turn on news of US inventory drawdowns, although chronic oversupply worries continue to dog this market.

The rest of the session offers heavyweight economic data with a diverse global spread. GDP numbers are due from the UK, initial and continuing jobless-claims figures from the US and central bank policy meeting minutes from Mexico.

--- 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