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
Oil - US Crude
Wall Street
More View more
Real Time News
  • #ASX200 struggling to break above key resistance at 6000 after Westpac retracted its calls for an #RBA rate cut in October RSI hints at fading bullish momentum which suggests that a push towards the monthly low is on the cards, if 200-MA resistance (6020) remains intact. $XJO
  • $AUDJPY poised to move higher after finding support at the 200-day moving average. $CADJPY eyeing a push back towards the yearly high $EURJPY perched atop key support after breaking below Rising Wedge support. Are further losses in the offing? $JPY
  • Gold price vs. US Dollar Index (DXY) -52 weeks
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/3:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here:
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.02% Silver: -0.10% Oil - US Crude: -0.24% View the performance of all markets via
  • The US Dollar continues to show tones of reversal as Q3 winds down. Can buyers drive the currency through the Q4 open? Get your #currencies update from @JStanleyFX here:
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.43% 🇳🇿NZD: 0.20% 🇬🇧GBP: 0.18% 🇨🇦CAD: 0.03% 🇪🇺EUR: 0.02% 🇨🇭CHF: 0.01% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.63%, while traders in EUR/GBP are at opposite extremes with 64.46%. See the summary chart below and full details and charts on DailyFX:
  • 10 out of 11 S&P 500 sectors ended higher on Friday, with half of the companies in the green. Information technology (+1.63%), consumer discretionary (+1.44%), utilities (+1.12%) were among the best performing ones, whereas energy (-0.26%) lagged.
  • The Hang Seng Index (HSI) has likely formed a bullish “AB=CD” pattern, with the “D” point found at around 23,080. A rebound from the “D” point may lead to more gains with an eye at 23,760 and then 24,200.
Asia AM Digest: US Dollar Uptrend Struggles Amid News Flow Lull

Asia AM Digest: US Dollar Uptrend Struggles Amid News Flow Lull

2017-10-03 23:20:00
DailyFX Research,

Get the Asia AM Digest every day before Tokyo equity markets open sign up here!

The US Dollar edged out another fractional advance against an average of its G10 FX counterparts but struggled to make substantive progress absent fresh fodder fueling the Fed rate hike narrative. The benchmark currency finished the day little-changed against most of the majors having erased nearly all of its intraday gains after touching a one-month high early in the session.

The New Zealand Dollar suffered outsized losses as RBNZ tightening prospects darkened. The probability of a rate hike over the next 12 months fell to 84 percent, the lowest in two weeks. The British Pound also took a knock after construction PMI data disappointed and minutes from last meeting of the BOE’s FPC committee that identified Brexit as a threat to cross-border derivatives clearing and warned of over-reliance on Libor.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

Asia AM Digest: US Dollar Uptrend Struggles Amid News Flow Lull

A lackluster offering on the Asia Pacific economic data docket might keep the consolidative tone in force for now. UK PMI might make some waves in Europe while the service-sector ISM report couples with a speech from Janet Yellen in US hours, reviving BOE and Fed interest rate hike speculation. In the meantime, sentiment trends might emerge as a catalyst, which could bode ill for the perennially anti-risk Japanese Yen if regional shares take their cues from an upbeat day on Wall Street.

DailyFX Webinar CalendarCLICK HERE to register

Asia AM Digest: US Dollar Uptrend Struggles Amid News Flow Lull

IG Client Sentiment Index Chart of the Day: USD/JPY

Asia AM Digest: US Dollar Uptrend Struggles Amid News Flow Lull

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 52.2% of traders are net-long USD/JPY, with the ratio of traders long to short at 1.09 to 1. In fact, traders have remained net-long since Jul 18 when USD/JPY traded near 113.122; price has moved 0.2% lower since then. The number of traders net-long is 5.6% lower than yesterday and 1.8% lower from last week, while the number of traders net-short is 3.6% higher than yesterday and 14.1% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USD/JPY prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current USD/JPY price trend may soon reverse higher despite the fact traders remain net-long.

Five Things Traders are Reading

  1. Gold Bearish Prospects Remain Intact by Christopher Vecchio, Sr. Currency Strategist
  2. GBP/USD: Is All the Bad News Now Priced In? by Martin Essex, Analyst and Editor
  3. EUR/USD Clings to Bearish Sequence Ahead of ECB Meeting Minutes by David Song, Currency Analyst
  4. Near-term Setups in USD/CAD, AUD/USD & Ethereum by Michael Boutros, Currency Strategist
  5. Gold Price Declining Towards Big Support, S&P 500 May Pause Soon by Paul Robinson, Market Analyst

The Asia AM Digest is published every day before the Tokyo cash equity open - you can sign up here to receive that report in your inbox every day. The US AM Digest is published every day before the US cash equity open - you can sign up here to receive this report in your inbox every day.

If you're interested in receiving both reports each day, you can sign up here.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.