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.



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
Please try again
More View more
Real Time News
  • RT @ZabelinDimitri: Marx once wrote that “history repeats itself, first as tragedy, second as farce”. In a sadistically comical way, he may…
  • Further your forex knowledge and gain insights from our expert analyst @ @MartinSEssex and @DColman on EUR with our free Q4 market analysis guide, available for free today. #Dailyfxguides
  • US Dollar losing its appear demand picks up for major counterparts. Risk of larger setback as risk appetite stabilises. Get your weekly US Dollar forecast from @JMcQueenFX here:
  • Believe it or not, some stocks may actually be more attractive in a bear market. Learn more about Defensive stocks here:
  • Further your forex knowledge and gain insights from our expert analysts @JohnKicklighter and @JStanleyFX on $USD with our free Q4 market analysis guide, available for free today. #DailyFXGuides
  • Stocks looked poised to rally with risk sentiment generally strong and technical signposts supportive of higher levels. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Volatility, volatility, volatility. It's talked about so often but how can a trader really incorporate this into their approach? Find out here:
  • Markets move in cycles, and stocks do too, with certain sectors carrying more attraction in various backdrops. Learn more here:
  • Bitcoin broke above $60k earlier in the session to a fresh multi-month high on the renewed expectation that the SEC will approve a futures-based Bitcoin ETF very soon. Get your weekly #Bitcoin forecast from @nickcawley1 here:
  • Further your stock trading knowledge and gain informed market analyses from our expert analysts @HathornSabin and @JMcQueenFX on Indexes with our free Q4 guide, available today. #Dailyfxguides
Nikkei Snaps Record Winning Streak, CPI Miss Keeps AUD Down

Nikkei Snaps Record Winning Streak, CPI Miss Keeps AUD Down

David Cottle, Analyst

Talking Points:

  • Most Asian stocks were very slightly higher into Wednesday’s close
  • The Nikkei was a standout exception, closing lower at last
  • Weaker consumer price data took a toll on AUD/USD

Just getting started in the trading world? Our beginners’ guide is here to help

Most Asian stocks were modestly higher Wednesday as investors looked with hope to US tax-reform plans. One rare exception was the Nikkei 225 which failed to hold its gains into the close, breaking a record 16-session winning streak.

It finally ran out of steam to close down 0.5%, but all other regional mainboards were in the green. The ASX 200 added 0.1%, with similar small gains seen in China and South Korea. Indian stocks were supported by news of a $32 billion state liquidity injection into the local banking sector.

In the currency markets the Australian Dollar was under severe pressure as third-quarter consumer price inflation missed forecasts. AUD/USD sank to its lowest levels since July. The US Dollar held up against the Japanese Yen, held up by speculation that Stanford economist John Taolor might follow Janet Yellen as Chair of the US Federal Reserve. Tailor is seen as a possibly more hawkish choice who might be inclined to ramp up the pace of interest-rate rises.

Gold prices edged lower as the greenback firmed while crude oil prices gained slightly, reportedly on news of Saudi resolve to end supply gluts. Whether that remains in its power in the age of shale remains to be seen.

There's still plenty of heavyweight economic data to come Wednesday. US durable-goods orders will probably top the bill, with a little competition from UK Gross Domestic Product figures and the Bank of Canada’s October monetary-policy call. Germany's Ifo survey is also at hand, along with US crude oil inventory data from the Department of Energy.

--- 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.