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
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Low
High
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
Gold
Bullish
GBP/USD
Bullish
Low
High
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
USD/JPY
Bullish
Low
High
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
  • Join analyst @DavidJSong at 6:30 PM ET/10:30 PM GMT for your weekly update on key news trading events. Register here: https://t.co/gBlrRpCc55 https://t.co/adV1kFEwKg
  • Market snapshot: Oil-linked Norwegian Krone edging higher vs G10 FX early into Asia trade
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 #tradingstyle https://t.co/0t2meOWXuU
  • (Asia AM) The Australian Dollar may wilt but can that break the near-term $AUDUSD uptrend? Weekend Dow Jones futures hint a “risk-off” tilt that may boost the Japanese #Yen and haven-linked US #Dollar #USD - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/03/29/Australian-Dollar-May-Wilt-as-Yen-and-US-Dollar-Rise-in-Asia-Trade.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/WGYOUEHzNG
  • How can you be a part-time trade? Get your tips on workflow and strategy here with@WVenketas: https://t.co/b8ywNOOgx9 #tradingstyle https://t.co/PoEtcYbBcu
  • #USDZAR fell to a record low after ratings downgrade https://t.co/IlUGUSrvGI
  • After the pattern is composed with the closing of the signal candle, then you can look to the following candle to identify a clear bias and risk points. Learn how to apply this knowledge to a trading strategy here: https://t.co/uh3NwgHBVv https://t.co/dUx38k6I6N
  • Weekend Wall Street futures - courtesy of @IGcom - shows the #DowJones down almost -1% heading into Monday's Asia Pacific trading session. This May spell a cautious "risk-off" tilt as the week gets going [delayed] - https://t.co/0ZvPJNGV7q https://t.co/iMhNyyGq0R
  • RT @NYGovCuomo: New York State on PAUSE is extended to April 15. That means the non-essential workforce is directed to continue to work fr…
  • Why is the Strait of Hormuz the world's most important #oil chokepoint? Find out from @JMcQueenFX here: https://t.co/0UPiGgqHbW #OOTT https://t.co/yt072tbesk
Asia AM Digest: US Dollar Recovers, Thin Liquidity Ahead

Asia AM Digest: US Dollar Recovers, Thin Liquidity Ahead

2018-02-19 00:00:00
DailyFX Research,
Share:

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

The US Dollar advanced on Friday against all of its major counterparts and clocked in its first advance in one week. As expected, the move appeared corrective following a 4-day losing streak as traders probably engaged in some profit-taking ahead of the US long weekend, where markets will be closed on Monday for the President’s Day holiday. Low liquidity might have also exaggerated some of the moves given the already occurring Lunar New Year.

Meanwhile the Japanese Yen was also a strong performer, boosted by the reappointment of BoJ Governor Haruhiko Kuroda for another term. The S&P 500 and Dow Jones closed more or less unchanged from Thursday, which had a knock-on effect on the typically anti-risk currency. This may have been due to Wall Street oscillated between gains and losses.

Towards the end of Friday’s session, US Special Counsel Robert Mueller charged 13 Russian nationals for interference during the US 2016 election. So far, these allegations have not concluded in any charges of collusion involving an American participant. Initial market response was calm but further investigation might lead to more volatility if such an outcome were to occur.

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

Asia AM Digest: US Dollar Recovers, Thin Liquidity Ahead

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

Asia AM Digest: US Dollar Recovers, Thin Liquidity AheadAsia AM Digest: US Dollar Recovers, Thin Liquidity AheadAsia AM Digest: US Dollar Recovers, Thin Liquidity Ahead

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

Asia AM Digest: US Dollar Recovers, Thin Liquidity Ahead

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 42.1% AUD/USD of traders are net-long with the ratio of traders short to long at 1.37 to 1. In fact, traders have remained net-short since Dec 19 when AUD/USD traded near 0.75061; price has moved 5.5% higher since then. The number of traders net-long is 1.9% higher than yesterday and 11.0% lower from last week, while the number of traders net-short is 6.9% lower than yesterday and 17.3% 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. NZD/USD Technical Analysis: 5-Day Win Streak Broken. Now What? by Ilya Spivak, Sr. Currency Strategist
  2. Australian Dollar Vulnerable to Risk Trends and External Factors by Daniel Dubrovsky, Jr. Currency Analyst
  3. Yen Surges to 15-Month Highs: Japanese Inflation as a Pivotal Driver by James Stanley, Currency Strategist
  4. Crude Oil Price Sees Weekly Gain on OPEC Persistence, Weak US Dollar by Tyler Yell, CMT, Forex Trading Instructor and CMT
  5. US Dollar May Fall Further on Timid FOMC Meeting Minutesby Ilya Spivak, Sr. 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.

DISCLOSURES

News & Analysis at your fingertips.