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
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/jZHcyAZ5SU
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today: https://t.co/XtydfV5wS6 https://t.co/Iw9haaHAnn
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sr63f https://t.co/raO3gCGqQ6
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/rWVlBs6H3c
  • The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation. Get your weekly $USD forecast from @DavidJSong here: https://t.co/JTuP7CLlyi https://t.co/tOvqn3Gdpc
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/s5dn4ZKnku
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACyvdZ https://t.co/6VjW5FEiQW
  • Global stocks bounce back from recent pullback as key resistance levels lie ahead. Get your weekly equities forecast from @HathornSabin here: https://t.co/wXSWo1JygD https://t.co/vWVaSEQTXT
  • 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/9kfBu04auM
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5ddzFV https://t.co/8GJ6OQYgnW
Asian Markets Bring Third Quarter's Curtain Down With Caution

Asian Markets Bring Third Quarter's Curtain Down With Caution

David Cottle, Analyst

Talking Points:

  • Asian stocks finished the week with a session of narrow, mixed trade
  • Most bourses held above the start line but the Nikkei 225 couldn’t quite make it
  • The US Dollar held up but didn’t rise far

Find out what the trading community makes of your favorite currency play at the DailyFX Sentiment Page

Asian markets were mostly higher as Friday put a line under 2017’s, third quarter although the bellwether Nikkei 225 was nursing very marginal losses by the closing bell.

There was little in the way of news for local markets to digest.Lingering questions about how the latest tax plan from the US administration will be funded seem to have curbed some of the enthusiasm for it which marked Thursday’s trade.

The Nikkei 225 was off by 0.03%, but most other markets were in the green, if not by much. The ASX 200 was up 0.2% with Chinese indexes higher by a similar amount. However the MSCI Asia ex-Japan benchmark is on course for its first losing week in seven.

The Japanese Yen was lower in a busy day for domestic data which saw the US Dollar broadly hold up. August’s Consumer Price Index rose by 0.7% on the year. That was its highest point for two years and extended the run of consecutive gains into an eighth month, with industrial production strong too. However, more dovish commentary from the Bank of Japan was released in the Summary of Opinions from last week’s monetary policy decision. This seems to have taken precedence over the data judging by the Yen’s slip.

Gold prices were steady, but look set for their first monthly loss in three. Crude oil prices were up a little, reportedly as the market looks to increased demand and, perhaps, further production cuts.

The European session will bring German employment data and Eurozone consumer price numbers. The US personal consumption release is coming up too, as are revised second-quarter Gross Domestic Product information from the UK, and July’s GDP roundup from Canada. The International Monetary Fund’s Director Christine Lagarde will speak in 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