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
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
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
  • WTI crude oil prices fell on Monday after signs showing that OPEC+ members may not reach an agreement to rein production in a Monday meeting. WTI has registered a whopping 36% gain this month through to November 25th, entering overbought territory according to the RSI indicator. https://t.co/UYde6fioQg
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/lXacDkdsla
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.91%, while traders in EUR/USD are at opposite extremes with 76.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Fcv9uguJsP
  • #Gold prices challenging key support at the 50% Fib (1763.27) as the RSI registers its most extreme oversold readings since 2018. Gut-check time for #bullion bulls... #XAUUSD https://t.co/H6EU8mN1sW
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.22% 🇬🇧GBP: 0.19% 🇨🇭CHF: 0.13% 🇪🇺EUR: 0.05% 🇦🇺AUD: 0.01% 🇨🇦CAD: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/eIxfGpBn51
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.54% US 500: -0.72% Germany 30: -0.79% France 40: -0.79% Wall Street: -0.88% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/kHZ9KNcOvx
  • 🇯🇵 Housing Starts YoY (OCT) Actual: -8.3% Expected: -9.3% Previous: -9.9% https://www.dailyfx.com/economic-calendar#2020-11-30
  • Heads Up:🇯🇵 Housing Starts YoY (OCT) due at 05:00 GMT (15min) Expected: -9.3% Previous: -9.9% https://www.dailyfx.com/economic-calendar#2020-11-30
  • Learn why dividend stocks are favored by investors and why it might be the right choice for you here:https://t.co/VUsJFHBARb https://t.co/Brit0AFo8e
  • China National Offshore Oil Corp (CNOOC) plunged nearly 10% in Hong Kong on Monday after Trump Administration put it onto export blacklist alongside several other Chinese firms.
Asian Stocks Gain Despite Fed-Hike Worries, US Dollar Up Too

Asian Stocks Gain Despite Fed-Hike Worries, US Dollar Up Too

2018-02-23 07:31:00
David Cottle, Analyst
Share:

Talking Points:

  • Asian stock markets rose across the board
  • A combination of a higher Wall Street and some more dovish Federal Reserve commentary proved good for bulls
  • The US Dollar gained, stronger Japanese inflation didn’t help the Yen

Have you often wished you knew more about Bitcoin? The free DailyFX Guide was written for you.

Asian stocks made broad gains on Friday without one single. obvious catalyst. St Louis Federal Reserve President James Bullard said in an interview that raising interest rates too quickly could slow the economy too much, which perhaps gave investors a straw to clutch at following this week’s release of Fed policy-meeting minutes which seemed to leave multiple rate rises this year very much in prospect.

Wall Street also managed to finish higher, which Asian investors usually find cheering. The Nikkei 225 added 0.7% with all other major bourses also in the green. Seoul’s Kospi did especially well, rising 1.1%, with both its tech and manufacturing names drawing the crowds.

The US Dollar edged up a little in the currency markets underpinned perhaps by signs of risk-appetite revival. It was notably stronger against the Japanese Yen despite the release of Japanese inflation data which came in near a three-year high. It remains very well below the Bank of Japan’s 2% target, however.

Gold prices were down again as the Dollar perked up, while crude oil prices slipped too. News of higher US crude exports did the damage but lower stock levels kept the market underpinned.

Still to come Friday are Eurozone and Canadian Consumer Price Index numbers. Central-bank watchers will await public commentary from the New York Fed’s Robert Dudley, Boston’s Eric Rosengren and Bank of England Deputy Governor David Ramsden.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter:@DavidCottleFX or us the Comments section below to get in touch

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

DISCLOSURES