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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
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
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
  • 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:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • The Japanese Yen is eyeing the upcoming Bank of Japan rate decision and CPI figures, but JPY crosses will likely remain dependent on broader market sentiment. Get your weekly $JPY forecast from @FxWestwater here:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
Asia Stocks Mixed, Nikkei Slips Back, China Growth Tops Forecasts

Asia Stocks Mixed, Nikkei Slips Back, China Growth Tops Forecasts

David Cottle, Analyst

Talking Points:

  • Asian stocks ended mixed
  • The Nikkei 225 made a new high point for trade since 1991 but faded into the close
  • Chinese growth data came in quite strongly, but expectations had been raised

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

Some Asian indexes hit new record highs on Thursday supported by a Wall Street rally. The US Dollar pulled back further from three-year lows as more dovish comments from the European Central Bank stole some of the Euro’s thunder.

In the day's main economic news, China’s economy was revealed to have grown by 6.9% for 2017. That meant it topped 2017’s 6.7%- that was a 26-year low- and comfortably met official expectations which looked for a gain of 6.5% or better. There was very little market reaction to this data, possibly because it was well priced befoehand. Chinese Premier Li Kequiang said last week that he expected 6.9% growth, and a Chinese agency report appeared to leak the same figure earlier Thursday.

The Nikkei 225 hit a new high for trade since 1991 before sliding back to finish down 0.4%. Most other local bourses held up for the session although the ASX 200 was just in the red as its closing bell rang.

The Euro traded lower, around $1.2203, slipping from three-year peaks above $1.2300 after some ECB officials voiced worries about the currency’s strength Wednesday, and some reminded markets that Eurozone monetary policy will remain accommodative for some time. The Australian Dollar slipped on some official employment data which, although far from weak, did include a small and unexpected uptick in the unemployment rate. Cryptocurrency prices saw modest respite in Asia once again but remain under significant duress. Gold prices inched down as the US Dollar gained, while crude oil prices rose on news of falling US inventories.

Coming up later will be US housing-start and building-permit data along with the Philadelphia Federal Reserve’s business outlook snapshot. Initial and continuing jobless claim numbers are on the schedule too. European Central Bank’s Benoit Coeure will speak in Frankfurt at a panel discussion.

--- 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.