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.



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
Oil - US Crude
Wall Street
More View more
Real Time News
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2020? Find out from @JohnKicklighter here:
  • The Swiss Franc may continue higher against the US Dollar as technical pressure favors USD/CHF bears..Get your $USDCHF market update from @FxWestwater here:
  • The US Dollar lost ground to most ASEAN currencies as Emerging Market assets climbed despite US economic woes. USD/INR is eyeing third-quarter Indian GDP at the end of the week. Get your market update from @ddubrovskyFX here:
  • The global stock market can be categorized into specific groups or ‘stock market sectors’. Organizing the vast number of stocks in this way helps traders to view assets in a more manageable way. Get your stock market sectors basics here:
  • The Euro looks poised to continue gaining ground against haven-associated currencies and may reverse higher against the British Pound in the near term. Get your #Euro market update from @DanielGMoss here:
  • Gold and silver prices have come under significant pressure recently. However, this correction lower could prove short-lived as price analysis hints at a reversal higher. Get your $XAUUSD market update from @DanielGMoss here:
  • The S&P 500, Dow Jones and crude oil prices have recently made critical advances to the upside. Is retail positioning supporting the case for further upside momentum?
  • An improving economic backdrop is bolstering crude oil prices and in turn, the Canadian Dollar. Still, the risk-sensitive Australian Dollar continues to move higher. Get your market update from @FxWestwater here:
  • Gold Price Forecast: Dovish FOMC Could Underpin Bullion Ahead of NFP - #Gold #XAUUSD $GOLD $GLD
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.42% 🇦🇺AUD: 0.35% 🇳🇿NZD: 0.30% 🇨🇦CAD: 0.20% 🇯🇵JPY: 0.16% 🇬🇧GBP: -0.33% View the performance of all markets via
Asia AM Digest: Will Wall Street Calm Continue into Asia?

Asia AM Digest: Will Wall Street Calm Continue into Asia?

2018-02-13 00:00:00
DailyFX Research,

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

A positive first day of the week on Wall Street and a rebound in copper futures helped push the Australian Dollar higher. The S&P 500 gapped to the upside, rising 1.39% to score a second consecutive day on the upside following last week’s panic selloff. Calmness seemed to settle in the markets as the VIX volatility index fell 11% to 25.61.

Meanwhile, the anti-risk Swiss Franc underperformed against its major counterparts. The US Dollar also took a hit as US government bond yields fell.

US President Donald Trump announced a $4.4 trillion budget proposal for fiscal year 2019 that is projected to increase the deficit by $1.19 trillion. The spending plan assumes GDP rising 3.1% y/y in the fourth quarter.

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

Asia AM Digest: Will Wall Street Calm Continue into Asia?

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

Asia AM Digest: Will Wall Street Calm Continue into Asia?

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

Asia AM Digest: Will Wall Street Calm Continue into Asia?

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 44.1% of AUD/USD traders are net-long with the ratio of traders short to long at 1.27 to 1. In fact, traders have remained net-short since Dec 19 when AUD/USD traded near 0.75061; price has moved 4.3% higher since then. The number of traders net-long is 24.6% higher than yesterday and 42.3% higher from last week, while the number of traders net-short is 2.7% higher than yesterday and 21.7% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/USD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current AUD/USD price trend may soon reverse lower despite the fact traders remain net-short.

Five Things Traders are Reading:

  1. EUR/GBP Technical Analysis: Chart Setup Favors Euro Gains by Ilya Spivak, Senior Currency Strtaegist
  2. Elliott Wave Webinar: USD Index May See One More Dip by Jeremy Wagner, CEWA-M, Head Forex Trading Instructor
  3. Euro May Trend Lower Despite Sentiment by DailyFX Research Team
  4. Oil Prices Snap Bearish Sequence, OPEC Sees Rebalanced Energy Market by David Song, Currency Analyst
  5. EUR/USD, GBP/USD: Deeper Retracement Potential as DXY Holds 90.00by James Stanley, Currency Strategist

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.