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
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
  • #Crudeoil prices could reverse lower as the #OPEC Monthly Oil Market Report (MOMR) forecasts fading global demand and oversupply concerns. Get your #commodities update from @DanielGMoss here:
  • The outlook for the $EURUSD pair has worsened after its failure to move back to the high just above 1.20 touched on September 1 despite the #ECB’s decision earlier this month not to talk down the Euro. Get your #currencies update from @MartinSEssex here:
  • #USDollar Outlook Bearish on Mnuchin & Powell Testimonies, Key US Data ⬇️
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here:
  • 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:
  • The Japanese #Yen may continue to exhibit a bullish behavior as the Bank of Japan (BoJ) appears to be in no rush to alter the path for monetary policy. Get your #currencies update from @DavidJSong here:
  • The New Zealand Dollar appears poised to extend its climb against its haven-associated counterparts as long-term trend break hints at cyclical upturn. Get your $NZDUSD market update from @DanielGMoss here:
  • The US Dollar may rise against ASEAN currencies like the Singapore Dollar if local retail sales and sentiment data disappoints. USD/IDR may fall on the Bank of Indonesia. Get your market update from @ddubrovskyFX here:
  • The US Dollar may rise against the Singapore Dollar and Philippine Peso. USD/MYR’s downtrend holds, but a bullish pattern brews. USD/IDR seems stuck between key technical levels.Get youe #ASEAN currencies market update from @ddubrovskyFX here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
Asian Markets Rise Broadly Thanks To US Earnings Optimism

Asian Markets Rise Broadly Thanks To US Earnings Optimism

2017-10-11 06:19:00
David Cottle, Analyst

Talking Points:

  • Asian stock markets were all higher as trade headed into the close
  • With a 47th record closing peak for the Dow as backdrop, investors were feeling good
  • US earnings-season optimism is clearly infectious

Discuss all the latest Bitcoin news and get trading guidance with the DailyFX Webinars

Asian stocks markets were all in the green Wednesday, perhaps unsurprisingly as Wall St. finished the previous session in good spirits as investors there looked with hope to earnings season.

The Dow managed a 47th all-time closing high, making 2017 a record year in this regard with the best part of three months still to go. In response the Nikkei 225 added 0.3%- for its highest close since December 1996- despitre the travails of scandal-hit titan Kobe Steel. The ASX 200 0.6%. Chinese bourses were up by less, but still quite bouyant.

The US Dollar was confined to tight ranges against major rivals, meanwhile, with interest-rate differentials driving markets to such an extent that strong economic numbers from Japan and Australia passed their respective currencies by. The British Pound meandered lower. It was possibly weighed down by the International Monetary Fund which lowered its UK growth forecast even as it evinced more optimism elsewhere, although it was also gloomier about the US.

Gold prices had found some support earlier in a weaker US Dollar but they gave up gains as the greenback steadied. Crude oil prices were steady once again, reportedly as investors clung to hope of a more balanced physical market ahead. The Euro found support as Spain’s restive Catalonia province stepped back from declaring independence from Madrid.

Wednesday is a light day for scheduled European and North American economic news. Only US mortgage application data and the Job Openings and Labour Turnover Survey (JOLTS) 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.