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.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 3.25% Wall Street: 2.70% Germany 30: 2.65% US 500: 1.90% FTSE 100: 1.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/GyZ4oc1mGG
  • me and other market bears after that NFP print.... https://t.co/NFQOzKWtNG
  • 🇷🇺 Foreign Exchange Reserves Actual: $566.1B Previous: $566B https://www.dailyfx.com/economic-calendar#2020-06-05
  • US #NFP report for May 2020 crushed the median estimate on Wall Street looking for -7.5 million jobs lost, but the actual figure crossed the wires at 2.5 million jobs added. Get your market update here: https://t.co/8i0L6YIqjy https://t.co/K2laOv7Unk
  • #Cable is trading around 1.2650 in early turnover and is back at highs last seen in mid-March as the pair continue to make a short-term series of higher lows and higher highs.Get your $GBPUSD market update from @nickcawley1 here: https://t.co/XCrsgxaXux https://t.co/5z8GFfyN8X
  • Heads Up:🇷🇺 Foreign Exchange Reserves due at 13:00 GMT (15min) Previous: $566B https://www.dailyfx.com/economic-calendar#2020-06-05
  • Heads Up:🇷🇺 Inflation Rate YoY due at 13:00 GMT (15min) Expected: 3% Previous: 3.1% https://www.dailyfx.com/economic-calendar#2020-06-05
  • Wall Street economists right now https://t.co/aQEPGOuhAe
  • I recall seeing a survey after the April US NFP report suggesting that approximately 80% of the job losses/furloughs/etc were expected to be temporary... The May US NFP report may have just validated that narrative.
  • perhaps the most perplexing US jobs report, ever, was just released https://t.co/nlKWwy8lue
Asian Stocks Storm Higher, Perky Caixin PMI Lifts Aussie Dollar

Asian Stocks Storm Higher, Perky Caixin PMI Lifts Aussie Dollar

2018-01-04 07:07:00
David Cottle, Analyst
Share:

Talking Points:

  • Most indexes posted decent gains with the reopened Nikkei surging ahead
  • Chinese service sector data beat forecasts comfortably
  • The US Dollar posted broad gains as rate-hikes remain on the table

New to the world of trading? Check out the free DailyFX guide

Asian stocks were mostly higher Thursday running with a stronger Wall Street lead. US indexes made gains on news of stronger manufacturing data and a set of Federal Reserve policy meeting minutes which looked tentatively toward at least some tax-cut related boost for growth.

The Nikkei 225 hit levels not seen since January 1992, rising nearly 3% as markets opened for their first day of trade after the holidays. Chinese markets held gains helped by a December Purchasing Managers Index survey which saw the private service sector turn in its strongest performance since August, 2014. South Korean stocks were notable losers. Investors remain concerned about North Korea’s belligerence, and there was some weakness in local automakers too.

The Chinese numbers also gave the Australian Dollar a boost in a session which broadly saw the US currency retrace some of its losses in response to stronger data Stateside. Gold prices struggled as the US Dollar firmed and as expectations for higher US interest rates held up. Crude oil prices remained near levels last reached in 2014 as markets tightened thanks to ongoing Iranian unrest and OPEC production cuts.

Still on Thursday’s slate are various PMIs from the US and around Europe. UK public borrowing figures are also due. From the US will come labour market surveys from Challenger and Automated Data Processing along with initial and continuing jobless-claim figures.

--- 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

News & Analysis at your fingertips.