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
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • #Euro has rebounded off near-term downtrend support and the focus is on this near-term recovery. Get your $EURUSD technical analysis from @MBForex here:https://t.co/NmlEuNyfo6 https://t.co/Txjym8OG71
  • Heads Up:🇳🇿 Building Permits MoM (AUG) due at 21:45 GMT (15min) Previous: -4.5% https://www.dailyfx.com/economic-calendar#2020-09-29
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.86% 🇪🇺EUR: 0.67% 🇨🇭CHF: 0.59% 🇬🇧GBP: 0.18% 🇨🇦CAD: -0.14% 🇯🇵JPY: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/wQGKBz35p4
  • That is very disturbing news. Disney has announced it will layoff 28,000 employees owing to its struggle at theme parks. That follow up stimulus plan is even more necessary in the US
  • Disney plans to lay off 28,000 park employees. $DIS shares are 1.5% lower following the announcement
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 2.37% Gold: 0.91% Oil - US Crude: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/OcKlpGbJvJ
  • #Gold Price Outlook: $XAUUSD Pops, Resistance at Prior Support - https://t.co/ZMukXQfl3z https://t.co/ApjvP4xb1F
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.19%, while traders in EUR/USD are at opposite extremes with 61.70%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2yhFXRJBjw
  • Micron Q4 2020 Earnings: Revenue: $6.06B vs $5.90B exp EPS: $1.08 vs $0.99 exp Guides Q1 revenue $5B to $5.4B vs $5.33B exp $MU shares just 1% higher in after-hours trading
  • Regeneron reports positive data for its Covid-19 antibody drug, saying it helped reduce viral levels and improved symptoms faster, according to CNBC
Asia AM Digest: Pound Buoyed by Brexit Optimism Yet Again

Asia AM Digest: Pound Buoyed by Brexit Optimism Yet Again

2017-12-01 00:00:00
DailyFX Research,
Share:

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

The British Pound continued to climb as Brexit-related news flow brightened. This time around, the currency got a lift from reports that the UK and Ireland are nearing agreement on how to approach the border between the latter country and Northern Ireland after the former’s exit from the EU.

The Euro shot higher as well, rising alongside German bonds as yields and the DAX equities benchmark fell. That points to risk aversion, with haven-seeking capital flows directed to the relative safety of cash and government debt, as the catalyst behind the advance.

The Japanese Yen declined as hopes for US tax cut legislation buoyed sentiment in North American trade. A version of the proposal is currently being debated in the US Senate. Indeed, the perennially anti-risk risk currency moved inversely of the baseline S&P 500 stock index.

The New Zealand Dollar was the worst performer in the G10 FX space however. The currency came under heavy selling pressure following disappointing business confidence data and continued to build on those losses throughout the remainder of the day.

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

Asia AM Digest: Pound Buoyed by Brexit Optimism Yet Again

DailyFX Webinar CalendarCLICK HERE to Register (all times in GMT)

Asia AM Digest: Pound Buoyed by Brexit Optimism Yet Again

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

Asia AM Digest: Pound Buoyed by Brexit Optimism Yet Again

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 39.0% of traders are net-long EUR/USD, with the ratio of traders short to long at 1.56 to 1. The number of traders net-long is unchanged than yesterday and 21.3% higher from last week, while the number of traders net-short is 1.1% lower than yesterday and 11.4% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/USD price trend may soon reverse lower despite the fact traders remain net-short.

Five Things Traders are Reading

  1. EUR/USD Price Analysis: Bullish Outlook Mired by Slope Resistance by Michael Boutros, Currency Strategist
  2. U.S. Dollar Price Action Setups by James Stanley, Currency Strategist
  3. EUR/USD Recovery Takes Shape as ECB Sees ’Notable’ Euro-Area Growth by David Song, Currency Analyst
  4. AUD/NZD Threatens a Deeper Bearish Move Below 1.1000 by James Stanley, Currency Strategist
  5. EUR/USD Bulls Respond to CPI-Induced Dip; WTI Tests Bull Flag Resistance by James Stanley, Currency Strategist

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

To get the US 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