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
Wall Street
Mixed
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
  • Feels like the market has been front-running next week’s FOMC announcement, which will reveal updated dot plot projections. Expectations clearly set for a more hawkish shift in guidance. That said, if the Fed does not deliver, US Dollar bulls could be disappointed. $USD $DXY https://t.co/o2v6ibac3L
  • USD/CAD has been chopping around the past week-and-a-half, offering virtually no cues on its next direction. Get your market update from @PaulRobinsonFX here:https://t.co/eq1YkOa3mC https://t.co/V6h8BjyeGa
  • FDA panel votes 16-3 against approving Covid-19 booster shots - BBG
  • RT @C_Barraud: 🇺🇸 Americans Haven’t Been This Down on #Housing Market Since 1982 - Bloomberg *Link: https://t.co/wWFnbAwIDO https://t.co/6G…
  • US Dollar Price Action Setups Pre-FOMC: EUR/USD, GBP/USD, USD/CAD https://www.dailyfx.com/forex/analyst_picks/todays_picks/james_stanley/2021/09/17/US-Dollar-Price-Action-Setups-pre-FOMC-EURUSD-EUR-USD-GBP-USD-GBPUSD-USD-CAD-USDCAD.html https://t.co/J25MYsXCa9
  • The US Dollar is pushing up to a fresh September high after the release of University of Michigan Consumer Sentiment data. Get your $USD market update from @JStanleyFX here:https://t.co/2CDNZh2a89 https://t.co/bULXuCaHKk
  • I have this $SPX chart taking over one of my whole screens, and I just keep staring at that 50-day moving average... https://t.co/R9LQAuL2DL
  • RT @TheStalwart: Nice chart, which shows why countries in green on the perimeter, like Iran, Peru, and Turkey are known for their stability…
  • Selling pressure strengthening in Wall Street two hours before the close. S&P 500 down roughly 1% intraday, the largest decline since August 18th #trading $SPX $SPY
  • One of the strongest correlation with Bitcoin at the moment is the US 10-Year Treasury yield https://t.co/uZBzJ7yiXf
Most Asian Markets Gain Once More As Risk Appetite Endures

Most Asian Markets Gain Once More As Risk Appetite Endures

David Cottle, Analyst

Talking Points:

  • Asian stocks rose as the global relief rally went on
  • There was little local data to change the story either way, so investors went with Wall Street’s strong lead
  • The US Dollar’s fightback continued too

New to the trading world? Our beginners’ guide is here to help

Asian indexes chalked up another session of gains Tuesday thanks to a firm US lead. Risk appetite remained elevated thanks to a lack of bad news from North Korea and as damage from Hurricane Irma, while substantial, seems less than had been feared.

The Nikkei 225 rose 1.2% as the US Dollar held on to gains against the Japanese Yen- a sight which always cheers the Japanese mainboard’s plentiful exporters. The ASX 200 added 0.7%, with the Kospi up 0.2%. Chinese stocks were less cheerful, and seem to be heading toward a flattish close. Still, the broad MSCI list of Asian stocks excluding Japan’s hit a ten-year high

Gold prices plumbed their lowest level for more than a week, with haven assets out of vogue for the present. Crude oil prices were about 5 cents/barrel lower, reportedly as investors weighed up the prospects for reduced US consumer demand in Irma’s wake against rising demand from refineries coming back on stream. There was also some speculation that production cuts currently in place could be extended.

There’s a British flavour to the rest of the session’s key economic numbers with a plethora of official inflation data due from that country. Leading the pack will be August’s Consumer Price Index.

The Pound firmed up against the Euro as markets look toward this week’s Bank of England monetary policy decision. Interest rates aren’t expected to rise, but some market watchers think that some more hawkish rhetoric could be coming from London.

--- 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