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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bearish
Wall Street
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
Gold
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
GBP/USD
Bearish
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
Mixed
More View more
Real Time News
  • The US Dollar technical outlook remains broadly bearish against ASEAN currencies like the Singapore Dollar, Indonesian Rupiah, Malaysian Ringgit and Philippine Peso. Where to from here? Find out from @ddubrovskyFX here:https://t.co/ijSi1wlLpQ https://t.co/k34HQK8UXU
  • San Francisco issues new stay-at-home order for residents - Reuters via BBG
  • Productive procrastination = you have a list of tasks in varying degrees of importance and you put the most important and high-priority item on the bottom but still need to feel and be productive so you do other tasks while avoiding the thing u need to do the most. Familiar?
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.61% 🇬🇧GBP: -0.12% 🇨🇭CHF: -0.13% 🇪🇺EUR: -0.22% 🇯🇵JPY: -0.34% 🇳🇿NZD: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/OgYcNSUCI2
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 0.59% Gold: -0.10% Oil - US Crude: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Jc0b1GCn7D
  • Despite reaching an all-time high in April 2020, USD/ZAR has steadily declined as bulls failed to maintain favor. Get your $USDZAR market update from @Tams707 here:https://t.co/32cstWfLt1 https://t.co/7RlEbk7r3I
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.50%, while traders in Wall Street are at opposite extremes with 74.56%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9Ft0XDFIEF
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.21% France 40: 0.20% Germany 30: 0.11% Wall Street: 0.02% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/57pcTwXMK1
  • RT @JoeBiden: Tune in as I deliver remarks on the final jobs report of 2020 and the state of our economy. https://t.co/JEvoHosVGv
  • Crude oil prices have been climbing alongside improved risk appetite, but gains may prove limited as production comes back online. Get your #crudeoil market update from @CVecchioFX here:https://t.co/ZtEklqGWHb https://t.co/wKYtfXoJTs
Asia AM Digest: US Holiday Put Focus on Asia as Nikkei 225 Rose

Asia AM Digest: US Holiday Put Focus on Asia as Nikkei 225 Rose

2018-02-19 23:30:00
DailyFX Research,
Share:

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

On Monday, US financial markets were closed for the President’s Day holiday. This probably had traders focusing their attention on what was going on outside of the world’s largest economy. In Japan, the Nikkei 225 gapped higher and rose about 2 percent. This brought the index to a level just shy of a 2-week high.

A rosy day in Asia undermined the attractiveness of anti-risk currencies such as the Japanese Yen and Swiss Franc. They were the worst performing majors. Given the illiquid trading conditions, things might have ended up worse for these currencies if it were not for the retreat in stocks during Europe’s session afterwards.

Indeed, the Euro Stoxx 50 experienced its first decline in four days falling roughly 0.55%. Meanwhile, the FTSE 100 fared a little worse dropping more than 0.6%. This pessimistic trading environment also robbed some of the gains seen in sentiment-linked currencies such as the Australian Dollar from Asia’s session.

Looking ahead, the RBA’s minutes from February’s monetary policy announcement will cross the wires early into Tuesday’s session. As we mentioned last week, the details of the report will probably echo the central bank’s reluctance to commit to changing rates for now.

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

Asia AM Digest: US Holiday Put Focus on Asia as Nikkei 225 Rose

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

Asia AM Digest: US Holiday Put Focus on Asia as Nikkei 225 RoseAsia AM Digest: US Holiday Put Focus on Asia as Nikkei 225 RoseAsia AM Digest: US Holiday Put Focus on Asia as Nikkei 225 Rose

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

Asia AM Digest: US Holiday Put Focus on Asia as Nikkei 225 Rose

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 75.8% of USD/JPY traders are net-long with the ratio of traders long to short at 3.14 to 1. In fact, traders have remained net-long since Dec 29 when USD/JPY traded near 113.244; price has moved 5.9% lower since then. The number of traders net-long is 14.5% higher than yesterday and 36.4% higher from last week, while the number of traders net-short is 2.8% lower than yesterday and 15.0% higher from last week.

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

Five Things Traders are Reading:

  1. FX Markets Look to FOMC Minutes, UK GDP, Canadian & Japanese CPI by Christopher Vecchio, Sr. Currency Strategist
  2. Crude Oil Price Forecast: IP Week Kicks Off With Bullish Oil Outlook by Tyler Yell, CMT, Forex Trading Instructor and CMT
  3. Traders are Net-Short Suggesting EURUSD May Rise by DailyFX Research Team
  4. Canadian Dollar Rate Forecast: CAD Weakness Extends on DXY Rebound by Tyler Yell, CMT, Forex Trading Instructor and CMT
  5. Litecoin Hard Fork Produces Litecoin Cash by Nick Cawley, 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.

DISCLOSURES