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
Oil - US Crude
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
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.05% Wall Street: 0.03% FTSE 100: -0.18% Germany 30: -0.56% France 40: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iMKNuZrELx
  • Though the Dow is holding up, the typical charge-leader Nasdaq has lost traction. Here is the Nasdaq-Dow ratio overlaid with my FAANG index is green: https://t.co/1FEUwyAc2Y
  • Offshore Yuan reacts against USD, as news of U.S. sanctions being considered on China over Hong Kong crosses the wires $USDCNH https://t.co/DrKYlfWtAu
  • US considers placing sanctions on Chinese officials and firms over Hong Kong - BBG
  • $EURUSD pushes to highest level since May 21 as risk aversion pulls back https://t.co/QXKGPiMzpg
  • #Dow Jones price action has gained about 3% so far this month as coronavirus vaccine hope and global stimulus efforts facilitate an extended rebound in stocks. Get your #Dow market update from @RichDvorakFX here: https://t.co/cvX3GzsC9X https://t.co/2JqlTrWAKl
  • US Treasury Yields: 2-Year: 0.178% 3-Year: 0.223% 5-Year: 0.353% 7-Year: 0.535% 10-Year: 0.700% 30-Year: 1.439% $TNX
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.05% Oil - US Crude: -0.07% Gold: -0.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NMZV03P1DY
  • A close below the low end of the aforementioned trading zone reflects a stronger bearish momentum and may send USDCAD towards 1.3511. Get your $USDCAD technical analysis from @malkudsi here: https://t.co/NnyNajRjE9 https://t.co/q1rU9eSVe3
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.52%, while traders in US 500 are at opposite extremes with 74.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/2zuDQFrljo
Asia AM Digest: Will Asian Markets Follow Wall Street Lower?

Asia AM Digest: Will Asian Markets Follow Wall Street Lower?

2018-02-06 00:00:00
DailyFX Research,

To get the Asia AM Digest every day, SIGN UP HERE

The anti-risk Japanese Yen and Swiss Franc became benefactors of aggressive risk aversion as Wall Street suffered losses that were last seen in 2011. Likewise, the sentiment-sensitive Australian and New Zealand Dollars declined. Today’s moves echoed Friday’s performance when strong US labor data boosted inflation expectations.

A singular catalyst for the selloff was not readily apparent. The move began after upbeat service-sector ISM survey data crossed the wires, but with some delay, warning against linking the release and the subsequent meltdown in risk appetite.

Speculators and traders alike also bought into US Treasuries as the focus turned from making profits to seeking shelter. Indeed, US government bonds such as the 2-year, 5-year and 10-year saw yields decline and prices rise. This in turn helped boost the US Dollar as well.

Fear in the markets might continue to spread, Nikkei 225 futures are pointing lower ahead of Tuesday’s open. In addition, the RBA’s first interest rate announcement of 2018 will see traders looking for any signs that the central bank could raise rates by the end of the year.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

Asia AM Digest: Will Asian Markets Follow Wall Street Lower?

DailyFX Webinar CalendarCLICK HERE to register (all times in GMT)

Asia AM Digest: Will Asian Markets Follow Wall Street Lower?

IG Client Sentiment Index Chart of the Day: NZD/USD

Asia AM Digest: Will Asian Markets Follow Wall Street Lower?

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 23.4% of NZD/USD traders are net-long with the ratio of traders short to long at 3.28 to 1. In fact, traders have remained net-short since Jan 05 when NZD/USD traded near 0.70859; price has moved 2.9% higher since then. The number of traders net-long is 6.4% higher than yesterday and 6.9% lower from last week, while the number of traders net-short is 34.8% higher than yesterday and 21.1% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests NZD/USD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.

Five Things Traders are Reading:

  1. Dow, SPX Suffer Worst Single Day Loss Since 2011 - A Full Turn? by John Kicklighter, Chief Currency Strategist
  2. Dollar Unfazed by Highest Non-Manufacturing Reading Since 2005 by DailyFX Research
  3. Cryptocurrency Price Crash Continues, Lower Highs Dominate by Nick Cawley, Analyst
  4. AUD/USD Risks Further Losses with RBA Expected to Stay on Hold by David Song, Currency Analyst
  5. Australian Dollar Can’t Hope For Much From RBA Policy Call by David Cottle, Analyst

To get the Asia AM Digest every day, sign up here

To get the US AM Digest every day, sign up here

To get both reports daily, sign up here

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.