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.

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
EUR/USD
Bullish
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
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Mixed
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • The US Dollar is struggling against ASEAN currencies despite weakness in the S&P 500. Capital remains flowing into emerging markets, keeping USD under pressure, could this change? Find out from @ddubrovskyFX here:https://t.co/nwhy3XhE74 https://t.co/ir20IjaJFu
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.06% Oil - US Crude: -0.97% Silver: -1.60% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/H9676jm7CT
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.14% 🇪🇺EUR: 0.01% 🇨🇦CAD: -0.01% 🇯🇵JPY: -0.07% 🇳🇿NZD: -0.17% 🇦🇺AUD: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tm1u1cKErl
  • #Market Snapshot $AUDUSD sliding to fresh session-lows on the back of #MorganStanley's suggestion #IronOre prices will fall in Q4 Haven-linked $USD and $JPY pushing back to session-highs after dipping lower in early trade $Gold nudging slightly higher https://t.co/FsT9RIZYvR
  • All eleven S&P 500 sectors ended deeply in the red, with energy (-4.55%), information technology (-3.21%), materials (-2.93%) and real estate (-2.91%) among the worst performers. A whopping 94.7% of the S&P 500 components closed lower. https://t.co/kqP3xPZBJf
  • Rising demand for safety boosted the US Dollar, which climbed for a third day to 94.43 - a two-month high. Strong USD dampened precious metal prices, and put pressure on risk-linked currencies namely AUD, NZD and NOK. https://t.co/ijthZpUdTn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.57%, while traders in EUR/GBP are at opposite extremes with 63.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/zn9sbgM386
  • While @IG_US Client Sentiment is offering a mixed outlook for the S&P 500 and #Dow Jones, these could be at risk to a turn lower based on multiple bearish technical warning signs. Get your market update from @ddubrovskyFX here:https://t.co/9kYnq6hH1f https://t.co/YIvXZ76eH1
  • #NOK, #AUD and #NZD are expected to be the most-active #G10 majors versus #USD with one-week implied volatility at 16.33, 12.22 and 12 respectively [delayed] -BBG
  • $DJIA futures carving out a Falling Wedge pattern just above the 200-MA after falling over 8% from the September 3 post-crisis high. $DJI #DowJones Is a recovery in the works? Find out how to trade these patterns and more here: https://www.dailyfx.com/education/technical-analysis-chart-patterns/falling-wedge.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr https://t.co/7dfYFgkpub
Asia AM Digest: Aussie Dollar May Rise on Chinese CPI Data

Asia AM Digest: Aussie Dollar May Rise on Chinese CPI Data

2017-10-15 23:50:00
DailyFX Research,
Share:

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

The US Dollar is trading broadly higher against its major currency counterparts at the start of the trading week. The move appears corrective after last week’s losses. Fed Chair Yellen may have helped, reiterating over the weekend that she expects price growth to rebound as temporary factors holding it back dissipate.

The greenback took a beating after firming Fed rate hike expectations delivered three consecutive weeks of gains. Hawkish exuberance was tempered after surprisingly acute worries about the prospects for reflation in minutes from September’s FOMC meeting were seemingly bolstered by disappointing CPI data.

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

Asia AM Digest: Aussie Dollar May Rise on Chinese CPI Data

September’s Chinese CPI data headlines the economic calendar in Asia Pacific hours. The headline year-on-year inflation rate is expected to decline to 1.6 percent, retreating from a seven-month high of 1.8 percent recorded in August.

Broadly speaking, news-flow out of the world’s second-largest economy has increasingly deteriorated relative to consensus forecasts in recent months. If this portends softening price pressure, the markets may read that as limiting scope for tightening monetary conditions. In turn, that may be seen as supportive for growth and inflation in countries reliant on Chinese export demand. Among G10 FX majors, that might translate as strength for the Australian Dollar.

DailyFX Webinar CalendarCLICK HERE to register

Asia AM Digest: Aussie Dollar May Rise on Chinese CPI Data

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

Asia AM Digest: Aussie Dollar May Rise on Chinese CPI Data

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 49.2% of traders are net-long GBP/USD, with the ratio of traders short to long at 1.03 to 1. The number of traders net-long is 13.9% lower than yesterday and 15.5% lower from last week, while the number of traders net-short is 0.1% higher than yesterday and 8.8% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.

Five Things Traders are Reading

  1. Weekly Trading Forecast: Central Banks Back in the Spotlightby DailyFX Research Team
  2. US CPI & Retail Sales; USD Week in Review by Christopher Vecchio, CFA, Sr. Currency Strategist
  3. EUR/USD Weekly Technical Analysis: Euro Topping Pattern in Sight by Paul Robison, Market Analyst
  4. Foundations of Technical Analysis: Trade Executionby Michael Boutros, Currency Strategist
  5. Canadian Dollar Edgy on NAFTA Fears by Nick Cawley, Analyst

To get theAsia AM Digest every day before the Tokyo cash equity open, sign up here

To get theUS AM Digest every day before the US cash equity open, sign up here

To get both reports daily, sign up here

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

DISCLOSURES