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
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
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
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 US Dollar may rise against ASEAN currencies like the Singapore Dollar if local retail sales and sentiment data disappoints. USD/IDR may fall on the Bank of Indonesia. Get your market update from @ddubrovskyFX here:https://t.co/HpH8pXFdLl https://t.co/ZuHLVL8ItN
  • The US Dollar may rise against the Singapore Dollar and Philippine Peso. USD/MYR’s downtrend holds, but a bullish pattern brews. USD/IDR seems stuck between key technical levels.Get youe #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/TF6DRVp6kX https://t.co/MYbR79MTux
  • US Supreme Court says Justice Ruth Ginsburg has passed away -BBG
  • 3 consecutive down weeks for the #SP500 as of today, the first actually in almost one year How's the #Fed balance sheet dong? Up 0.76% this week, most in a month. Though all things considered, materially unchanged since June/July Markets may be growing increasingly impatient... https://t.co/wD6wga9vsu
  • The New Zealand Dollar appears poised to extend its climb against its haven-associated counterparts as long-term trend break hints at cyclical upturn. Get your $NZDUSD market update from @DanielGMoss here: https://t.co/CPxP1Q8B6d https://t.co/NBJ9qkaNei
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇳🇿NZD: 0.07% 🇪🇺EUR: -0.06% 🇨🇦CAD: -0.30% 🇨🇭CHF: -0.33% 🇬🇧GBP: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lYbgFKQKmu
  • USD/MXN is in danger of picking up more momentum as the recent decline takes out support levels and gains ‘negative curvature’ to its path. Get your $USDMXN technical analysis from @PaulRobinsonFX here: https://t.co/eQzD6JyA5c https://t.co/km6neTN3M6
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.33% Oil - US Crude: -0.55% Silver: -0.64% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/0yp0FnGl8y
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.22%, while traders in NZD/USD are at opposite extremes with 71.43%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fu1Xj6AuYv
  • US Equity Update (Friday Close): $DJI -0.88% $SPX -1.12% $NDX -1.30% $RUT -0.38% $VIX -2.00%
Asian Stocks Drift Lower In Fed Runup, Brent Crude Tops $65

Asian Stocks Drift Lower In Fed Runup, Brent Crude Tops $65

2017-12-12 06:43:00
David Cottle, Analyst
Share:

Talking Points:

  • Asian stocks traded mostly lower, although higher energy prices kept the ASX 200 in the green.
  • Chinese loan data beat forecasts, Australian business confidence and housing numbers came up short
  • Brent crude topped $65 for the first time since 2015 on a UK pipeline outage.

What makes the best traders stand out? Check out the DailyFX deep dive into The Traits of Successful Traders

Most Asian stocks drifted lower Tuesday despite a Wall Street lead which saw another record closing high for the Dow Jones Industrial Average.

The Nikkei 225 was down 0.3%. There were some gains for financial stocks but they couldn't gloss over a more mixed performance from tech and autos. The Kospi edged down too, wirh retailers weighing. A rise in crude oil prices also helped the ASX 0.35% into the green but Chinese stocks lost ground.

Brent crude topped $65 per barrel for the first time since 2015 as the shutdown of the UK’s Forties pipeline hit supply.

The day's regional economic data were mixed. China’s new yuan loans came in comfortably ahead of forecasts for November, hitting 1.12 trillion yuan ($169 billion). The markets had only been looking for 800 billion beforehand. However Australia’s business confidence and housing numbers missed forecasts and gave the Aussie Dollar a knock.

The US Dollar held firm as investors looked to this Wednesday, which will bring 2017’s final monetary policy decision from the Federal Reserve. An interest-rate hike is held to be almost nailed down, but the big question would then by the Fed’s take on how many more might follow it. The New Zealand Dollar continued to gain as markets digested Monday’s news that Adrian Orr of the country’s superannuation fund will take over at the helm of the Reserve Bank of New Zealand next year.

Gold languished near five month lows as investors looked to rising US yields.

Still to come on Tuesday’s data schedule are November’s UK Consumer Price Index and Germany’s ZEW survey.

--- 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