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
More View more
Real Time News
  • Key break here in the 10-year #Treasury yield as it rises to the highest since late June Took out 1.4230 resistance, and the 100-day SMA Eyes now on the 38.2% Fib extension at 1.4775 Also potential falling resistance from March
  • The move in rates after this week’s FOMC has continued and the 10 year yield has pushed up to a fresh two-month-high. Get your market update from @JStanleyFX here:
  • S&P 500 contending with its proverbial ‘line in the sand’ as bulls and bears battle for directional control. How we close/trade around the 50-day moving average could serve as a noteworthy bellwether for risk trends headed into next week. I remain cautious below ~4,480. $SPX $ES
  • USD/JPY trades to a fresh monthly (110.57) amid the pickup in longer-dated US Treasury yields, and the exchange rate may stage a larger advance over the coming days. Get your market update from @DavidJSong here:
  • US yields continue to climb, with the 10-year Treasury yield trading above 1.45% $ZN $ZB
  • $USDJPY bull thesis appears quite constructive. Technicals show topside breakout above trend resistance following a period of consolidation. Bond yields providing the fundamental catalyst. Eyes on Aug/YTD highs. A broad-based deterioration in market sentiment poses downside risk.
  • WTI posting another session of strong gains, currently flirting with the 74 handle $CL #Oil #OOTT
  • The New Zealand Dollar’s bullish breakout attempt in early-September was rebuffed. Price action at the end of the month is telling a different story. Get your market update from @CVecchioFX here:
  • So much for that Evergrande recovery. Shares of the troubled Chinese property developer are down approximately -12% today following yesterday's impressive rally (biggest in a year)
  • Retail trading platform Robinhood announces hire of new Chief Compliance Officer amid regulatory scrutiny
Asian Stocks Mixed As Nonfarm Payrolls Loom, US Yields Rise

Asian Stocks Mixed As Nonfarm Payrolls Loom, US Yields Rise

David Cottle, Analyst

Talking Points:

  • Asian stocks were mixed as key US labour market data approached
  • The US Dollar was, too, with USD/JPY up but AUD/USD off again
  • The Bank of Japan reportedly offered unlimited long bond buying to keep yields down

Ever felt that you ought to know more about Bitcoin? Our free guide is all yours.

Asian stock markets put in a mixed performance as investors looked toward Friday’s key data release, official US labour-market statistics. A solid rise of 180,000 nonfarm jobs is expected from January’s number, which would be a marked improvement on the 148,000 gain seen in December.

The Nikkei fell by 0.9%, with tech names under some pressure at the same time as investors were reportedly growing more worried about Wall Street’s stability. The ASX 200 did better however, rising by 0.50%. Chinese stocks were in the green with the Kospi lower. Rising US Treasury yields thanks to more strong US economic numbers Thursday reportedly saw some investors leaving equity for the bond market.

The US Dollar was mixed despite those yields, which might have been expected to offer more support. The Australian Dollar slipped as markets looked toward next weeks Reserve Bank of Australia monetary policy meeting. It’s the first one of the year and interest rates are widely expected to remain at their current, record low. Inflation also remains subdued, fueling expectations that the RBA may strike a dovish note.

The Japanese Yen slipped against the US Dollar after the Bank of Japan conducted its first direct, special bond-buying operations in more than six-months to keep yields down. The BoJ offered to buy an unlimited amount of lng-dated bonds in this cause, according to a Reuters report.

Cryptocurrency prices continued to slide with Bitcoin under $9,000. Gold prices were steady through Asian hours while oil rose again, still supported by news of strong compliance with OPEC cuts.

Those official US payroll stats are going to dominate the rest of Friday’s trade, as they always do whenever they are on the sked. European action is likely to be subdued by the wait, US proceedings all about the reaction. There are some supporting data releases to this headline act, however. Eurozone producer prices are coming up, as is the UK’s Purchasing Managers Index for the construction sector. US durable goods and factory order levels are also due, as is the University of Michigan’s long-running consumer sentiment roundup.

--- 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.