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
Bullish
Oil - US Crude
Bullish
Wall Street
Bullish
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.63% 🇦🇺AUD: 0.49% 🇬🇧GBP: 0.42% 🇪🇺EUR: 0.29% 🇨🇭CHF: 0.15% 🇯🇵JPY: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/SuCtbOvRLU
  • Poll: Which of these extraordinarily volatile and recently popular assets is most disconnected from 'traditional fundamentals' and fully in the hands of the speculative tribe?
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: 2.01% France 40: 1.51% FTSE 100: 0.51% Wall Street: 0.15% US 500: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/6OgqApsW9T
  • The Conference Board's Consumer Confidence survey edged up with this morning's January reading, but that marginal uptick can't touch the impressive charge of speculative conviction via the likes of the $SPX https://t.co/zztL1tzlfE
  • $AUDUSD has strengthened by around 50 pips this morning, climbing from a morning low below 0.7700 to currently trade around 0.7750, its highest level since last week. $AUD $USD https://t.co/UDJ8i9mifv
  • Italian PM Conte has informed his cabinet that he will resign, which has come ahead of the Senate vote on the justice minister’s annual report, where there had been a risk of a government defeat. Get your market update from @JMcQueenFX here:https://t.co/U3ZTcYF3BH https://t.co/GIZLlT2a5I
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: 0.79% Gold: -0.04% Oil - US Crude: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/2iQkw0sGZf
  • 🇺🇸 CB Consumer Confidence (JAN) Actual: 89.3 Expected: 89 Previous: 87.1 https://www.dailyfx.com/economic-calendar#2021-01-26
  • $GBPJPY has risen back above 142.00 this morning, currently trading around the monthly highs. $GBP $JPY https://t.co/nzluFFUCwe
  • 🇺🇸 CB Consumer Confidence (JAN) Actual: 89.3 Expected: 89 Previous: 88.6 https://www.dailyfx.com/economic-calendar#2021-01-26
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