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
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
  • $EURUSD Daily Pivot Points: S3: 1.1078 S2: 1.1152 S1: 1.1193 R1: 1.1267 R2: 1.13 R3: 1.1374 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Has the #Euro been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/MCdNLAjJpu
  • Has the ECB been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/Znozwxgcak
  • Texas COVID-19 cases increase at 2.4%, same as prior 7-day average - BBG
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.91% 🇳🇿NZD: 0.64% 🇨🇭CHF: 0.59% 🇬🇧GBP: 0.17% 🇨🇦CAD: -0.02% 🇯🇵JPY: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/j3MpbrNtG4
  • RT @SecPompeo: I applaud @Nasdaq’s actions to require all listed firms comply with the same auditing and inspection rules, especially as re…
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.88% Silver: 0.43% Oil - US Crude: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/s7unTde0G5
  • The #FTSE 100 surged to its highest level since early June on Wednesday after the equity index pierced a longstanding technical barrier around 6,200. Get your #FTSE market update from @PeterHanksFX here:https://t.co/uFaYFaPGz2 https://t.co/mNnlGDksJn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.30%, while traders in US 500 are at opposite extremes with 76.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kZcqWecOdG
  • The $EURUSD's climb continues at an exceptional pace. It is on course for the biggest three-week rally since May 2015 (the bottoming after the 2014 collapse) https://t.co/AbDLQ07D95
Most Asian Stocks Manage Modest Gains, US Dollar Pressured

Most Asian Stocks Manage Modest Gains, US Dollar Pressured

2018-01-12 06:52:00
David Cottle, Analyst

Talking Points:

  • Most Asian markets were up as Friday play wound down, but usually not by much
  • The Nikkei was an exception. It rarely likes a weaker US Dollar
  • China’s trade surplus with the US hit a record in 2017.

Which 2018 trading opportunities do the DailyFX team of analyst find most compelling? Find out here

Most Asian indexes managed slight gains Friday in response to a stronger Wall St. in the session before.

The Nikkei 225 was a notable exception. It slipped by 0.2% with its heavily weighted technology and auto names coming under a little local selling pressure. Other bourses were higher if not by much. Australia’s ASX climbed by just 0.03%. The Hang Seng looked set to stretch its record-breaking winning streak to 14 days as investors remain hopeful that a global recovery will be good news for Hong Kong Inc.

China’s December trade numbers showed a 4.5% rise in US Dollar-terms imports, which was well below the 13% rise forecast. Exports rose by 10.9%, beating expectations and 2017’s overall trade surplus with the US hit a new record of $275.81 billion. Still the Australian Dollar softened a little on the import miss. The Japanese Yen meanwhile paid little heed to trade balance and current account numbers out of its homeland, both of which came up short relative to expectations. The US Dollar was broadly weaker against its major, traded rivals. Growing investor prognoses for tighter monetary policy in the Eurozone are still weighing on the grenback.

Bitcoin prices perked up a bit as South Korea seemed to pour cold water on the idea of a near-term domestic cryptocurrency-trade ban. Worries about just such a thing depressed prices earlier in the week. Gold prices were on track for a fifth straight weekly rise as the US Dollar’s relative weakness burnishes the metal’s investment appeal. Crude oil slipped a little further from its recent four-year highs

Still to come Friday is the official US Consumer Price Index for December along with an advance look at that month’s crucial retail sales.

--- 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.


News & Analysis at your fingertips.