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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • BTC/USD continues to move away from all-time-high. Get your $BTC USD market update from @HathornSabin here:
  • These companies are all set to report earnings next week. Which of the reports has the most market-moving potential?
  • The Dow and S&P500 edge slightly back into the green in afternoon trading, joining the Nasdaq. The Russell 2000 remains in the red. DOW +0.03% NDX +0.49% SPX +0.07% RUT -0.81% $DOW $QQQ $SPY $IWM
  • $EURUSD is up slightly today after no changes in the ECB's policy stance, rising from around 1.2120 to currently trade around 1.2150. The pair remains notably off the 1.2300 levels hit earlier this month. $EUR $USD
  • Risk trends have definitely throttled back today suggest, which further suggests yesterday was a relief rally. But there remains a notable pace advantage of the tech-based Nasdaq to broader $SPX. Still the core of speculative appetite chasing momentum
  • ECB is said to be seeking new gauges to help with stimulus decisions - BBG. #ECB $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 71.02%. See the summary chart below and full details and charts on DailyFX:
  • The price of gold turned sharply higher Wednesday, aided by a weaker US dollar, and the precious metal is now running into a cluster of resistance which may prove tricky to overcome in the short-term. Get your $XAUUSD market update from @nickcawley1 here:
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: -0.38% Gold: -0.46% Oil - US Crude: -0.66% View the performance of all markets via
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.42% 🇨🇭CHF: 0.31% 🇪🇺EUR: 0.28% 🇦🇺AUD: -0.01% 🇯🇵JPY: -0.06% 🇨🇦CAD: -0.10% View the performance of all markets via
Asian Stocks, US Dollar Gain As Markets Look To Jackson Hole

Asian Stocks, US Dollar Gain As Markets Look To Jackson Hole

David Cottle, Analyst

Talking Points

  • Asian stocks rose despite a weak Wall Street lead
  • Local earnings helped the Nikkei and the Hang Seng up
  • The US Dollar made ground on a Yen again hit by feeble inflation numbers

Trade the data with us. Join our analysts live and interactive for all the economic data which count at the DailyFX webinars

Asian markets managed to shrug off a modestly lower Wall Street close and trade higher Friday on more local factors as investors looked toward this weekend’s Jackson Hole central bank get-together.

The Nikkei 225 rose 0.5% with gains across financials and automakers setting the pace. Australia's ASX initially slipped as earnings disappointed. However the utility and energy subindexes dragged the mainboard back into the green, although it looks set to close little changed on the day. Earnings certainly cheered Hong Kong’s Hang Seng while mainland Chinese shares rose too. Indeed the Shanghai Composite hit its highest point since January, 2016.

Markets are also looking with some apparent hope to Federal Reserve Chair Janet Yellen’s Jackson Hole appearance. She is expected to leave the chance of higher US interest rates very much live.

In a quiet currency session the US Dollar rose against the Japanese Yen. The latter economy may have underlined a theme for Jackson Hole: inflation’s apparent global docility. Official Japanese consumer prices rose by just 0.4% on the year in August, the same rate as now seen for four months straight. Pricing power remains remarkably absent from the Japanese economy despite trillion-yen efforts to stimulate it.

The “core” reading, which strips out fresh food prices, managed to make a new two year high, but even that was only up by an annualized 0.5%.

Crude oil prices rose by about 35 cents/barrel, reportedly as investors fretted the approach of Hurricane Harvey to the heart of the US industry- the Gulf of Mexico. Gold prices barely moved through the session, although Senior DailyFX Currency Strategist Ilya Spivak thinks the oldest haven could come under some pressure if the Fed Chair’s comments do support the Dollar.

Away from Wyoming, Friday’s session will offer investors a look at the latest IfO business climate survey out of Germany- this usually draws a crowd. After that it’s all about the US with durable goods orders for August due.

--- 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.