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
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
Wall Street
More View more
Real Time News
  • The US Dollar will be bracing for a cascade of political risks including the first presidential debate, ongoing stimulus talks, the Supreme Court vacancy against the backdrop of key employment data. Get your #currencies update from @ZabelinDimitri here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out:
  • Weakness in equity markets continued last week as losses built and technical patterns hint further bearishness might be ahead. Get your #equities update from @PeterHanksFX here:
  • 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:
  • 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:
  • #Gold prices succumbed to selling pressure as the US Dollar soared this past week What is #XAUUSD facing these next few days and can these fundamental forces extend its selloff? Check out my outlook here -
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • 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:
Asian Markets Mixed, Nikkei Tops 23000 But Surrenders Gains

Asian Markets Mixed, Nikkei Tops 23000 But Surrenders Gains

2017-11-09 06:34:00
David Cottle, Analyst

Talking Points:

  • Thursday proved a mixed session for Asian stocks
  • The Nikkei 225 added 2% at one point but it couldn’t keep its gains
  • US President Donald Trump was feted in China, hoped for more from Beijing to counter Pyongyang

See what the foreign exchange trading community makes of the currencies you like, and those you don’t, with the DailyFX Sentiment Page.

Asian stocks were mixed Thursday with the Nikkei erasing early gains. As ever investors had one eye on the US and another on more local matters which include US President Donald Trump’s regional tour, now in China.

The US President sounded more conciliatory than he often does, but hoped for more help from Beijing in containing North Korea. Chinese leader Xi Jinping for his part said that sanctions against Pyongyang would be strictly applied.

The Nikkei 225 initially continued its astonishing bull run. The index climbed above the 23,0000 mark for gains of 2% at one point. However it faded into the close to end down 0.2%. Australia’s ASX 200 did better, adding 0.5%. There was reportedly some profit taking in energy names but materials sector gains offset this. The Shanghai Composite was up by similar amount with the Hang Seng down a little.

In the foreign-exchange space, the US Dollar initially held firm but it slipped against the Japanese Yen and others late session. The New Zealand Dollar gained as the country’s Reserve Bank kept interest rates on hold at their record low but came out with a statement which struck investors as more hawkish than the last one. The Australian Dollar took an early knock on disappointing home-loan numbers and didn’t claw back much on news that China’s inflation ran ahead of expectations in October.

Neither gold prices or crude oil prices moved much in the Asia as there was a dearth of news likely to affect either.

Still to come Thursday are the European Commission’s economic bulletin and forecasts, then initial and continuing jobless-claims data out of the US. Two European Central Bank Executive Board members will be behind the mic as the day progresses. Benoit Coeure will speak first, in Lyon, and Yves Mersch is up later in Vienna. Canada’s new house price index is also 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.