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
Oil - US Crude
Bullish
Wall Street
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
Gold
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/boEI8RuQdC
  • The growth-linked New Zealand Dollar may rise on the upcoming #RBNZ rate decision following rosy economic data. However, downside potential in the S&P 500 could offset $NZDUSD gains. Get your #currencies update from @ddubrovskyFX here: https://t.co/LfCe6C6G3P https://t.co/kUeBxxeaEf
  • It was a quiet week in Aussie as $AUDUSD put in its second consecutive week of indecision. But taking a more granular look highlights the potential for a reversal scenario. Get your #currencies update from @JStanleyFX here: https://t.co/PPK20nubAf https://t.co/0nfmRRFNnz
  • The S&P 500 pushed the market's comfort with a head-and-shoulders pattern through Friday's close. What should we look for in technical patterns, overlapping fundamental tides and speculative positioning for the likes of $EURUSD next week? https://www.dailyfx.com/forex/video/daily_news_report/2020/09/19/EURUSD-Pressure-Building-while-Anxious-Traders-Weigh-Did-SP-500-Break.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/lgVJVwi8th
  • Sterling remains trapped by overarching fundamentals drivers and both $GBPUSD and $EURGBP are going to have to wait until the Brexit dust settles. Get your #currencies update from @nickcawley1 here: https://t.co/vF1K1cy0nd https://t.co/NSA7qiQihc
  • 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/1oygcFMFNs https://t.co/d9EmTOHyTv
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:https://t.co/A4dqGMPylo https://t.co/xqbUxwWgTZ
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/Gi8LHCT5sB
  • The AB=CD pattern is simple once you know how to spot it and draw the proper Fibonacci retracements. Make your trading strategy as simple as ABCD here: https://t.co/AKmlmaAZBS https://t.co/FFmRYyx4ou
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here: https://t.co/aVAzFypAg1 https://t.co/r7aJb4qpqc
Asian Stocks Mostly Higher US Jobs Report Eyed Hopefully

Asian Stocks Mostly Higher US Jobs Report Eyed Hopefully

2017-11-03 06:31:00
David Cottle, Analyst
Share:

Talking Points:

  • Asian stocks ended the session mostly higher, with the Shanghai Composite lagging
  • Japanese markets were out for a holiday
  • Australian economic data disappointed, Chinese data didn’t

Asian markets were mixed Friday, as their US counterparts had been overnight, as investors looked over US Republicans’ tax-reform plans and considered President Trump’s nomination of Federal Reserve Governor Jerome Powell to head the central bank once currency Chair Janet Yellen leaves in 2018.

The markets were also looking toward what remains the major single event of the global monthly data round, official US employment statistics. These will see daylight long after Asian markets close Friday but a chunky 312,000 rise in October’s nonfarm payrolls is expected.

The Asian session missed Japanese input as markets there were closed for the culture day holiday. That said, Asian Apple suppliers were in some focus Friday following the tech titan’s earnings beat and as the new iPhone X went on sale across the world. Australia’s ASX ended up 0.48%, with South Korea’s Kospi 0.1% to the good. Chinese stocks were more mixed with Hong Kong stocks slightly higher while the Shanghai mainboard weakened into the close.

The US Dollar was steady against most of its major traded rivals. The Australian Dollar slipped back on news of surprise weakness in domestic retail sales and didn’t recover at all on better news out of China’s service sector. Chinese data can move the Aussie at times but, with an Australian interest-rate decision coming up next week, investors in the currency seems more concerned with domestic matters.

Crude oil prices gained on news of ongoing compliance with supply cuts, but Senior DailyFX Currency Strategist Ilya Spivak cautions that these gains may be vulnerable. Gold prices were steady as the Dollar held firm.

Coming up in the remainder of global Friday, aside from those US payroll figures, we have UK construction and service-sector PMI numbers and Canadian labor statistics. Out of the US will come durable goods order numbers and the non-manufacturing and composite indexes from the Institute for Supply Management.

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

--- 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