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.

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
Subscribe
Please try again
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
More View more
Real Time News
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/nAoZXAZFuD
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST on DailyFX! https://t.co/lxd5fZnn4H
  • Bitcoin ended a 10 consecutive day advance with yesterday's bearish close - breaking pace only after it overtook the 100-day moving average. That 10-day climb matches the longest bull charge with only two other examples. $BTCUSD https://t.co/G5UdX96mn9
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/9t94CbyQEi
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh88nOv https://t.co/LB749nN0K4
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/7JZu61F0OW
  • Tech stocks pulled back from record territory after Amazon posted tepid Q3 guidance. Get your weekly equities forecast from @margaretyjy here: https://t.co/kpYlD2ryue https://t.co/pXDztqY8PQ
  • 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: https://t.co/BdgFmkRxVw https://t.co/LQS1xMPSVc
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/WmRkOUGwlq
  • Recent price action in the US Dollar Index (DXY) casts a bearish outlook for the Greenback as it extends the series of lower highs and lows from earlier this week. Get your weekly USD technical forecast from @DavidJSong here: https://t.co/aQVzoACWEp https://t.co/TBFiTrur0P
Asian Stocks Mixed Despite N Korea Launch, Bitcoin Tops $10,000

Asian Stocks Mixed Despite N Korea Launch, Bitcoin Tops $10,000

David Cottle, Analyst

Talking Points

  • Asian markets put in a mixed session yet again
  • Bitcoin got up through $10,000 and stayed there
  • North Korea tested a ballistic weapon which could reportedly reach the US

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

Asian stock markets were mixed once again Wednesday despite the reported launch of the most powerful ballistic weapon yet tested by North Korea.

Markets were apparently more focused on the US, where tax reform plans appear to be making progress through Congress, and on Federal Reserve Chair-nominee Jerome Powell whose testimony seemed to offer continuity. They certainly took in stride the sort of belligerence from Pyongyang which once had the power to send all regional indexes scrambling for cover. The Nikkei 225 rose 0.47%, with the ASX 200 up 0.4%. Chinese stocks were lowe, but not by very much and the Kospi hovered around its opening level.

Bitcoin rose above $10,000 for the first time, and looked comfortable there as the Asian session wound down.

The US Dollar was steady against the Japanese Yen while the New Zealand Dollar drifted lower after parliamentary testimony from acting central bank governor Grant Spencer. He stuck mainly to housing market comments, but certainly didn’t sound overtly hawkish in any way.

Crude oil prices slipped, reportedly on market doubts that production cuts will be extended, and on news of higher US supply. Gold prices edged up but there was no obvious sign of haven buying in the wake of North Korea’s test.

There’s plenty of life left in Wednesday’s market calendar. US Federal Reserve Chair Janet Yellen will appear before a Joint Economic Committee of Congress, with the data slate crowded both before and after she speaks. From Europe will come German consumer price numbers and UK mortgage approval levels for October. From the other side of the Atlantic will come the first revision to US third-quarter Gross Domestic Product numbers while mortgage approval and personal spending snapshots are 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.

DISCLOSURES