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
Bullish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Traders in the Euro have a big decision to make this weekend: if EUR/USD hits 1.20, will it continue to advance, consolidate or fall back? Get your $EURUSD market update from @MartinSEssex here:https://t.co/8hAhguZcEA https://t.co/kwtatozp3z
  • The bullish engulfing candle is one of the forex market's most clear-cut price action signals for reversals and continuation. Learn more about this price action trading signal here: https://t.co/Yg6ecRZZNr https://t.co/9SdceNYUEK
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/imv2PnapzH
  • Defensive stocks have proven critically important when navigating stock market volatility. Find out what are the most defensive stocks here:https://t.co/TMcbMALtbw https://t.co/mmldxxEtsc
  • Dollar Index has broken major uptrend support and risks accelerated losses into the December open. Get your $USD technical analysis from @MBForex here:https://t.co/Txo8l8S1f1 https://t.co/YLVzP95JH8
  • The MACD is an indicator that uses exponential moving averages (EMA) to determine trend strength along with entry points based on crossovers. Find out how you can use the MACD as a buy/sell signal here: https://t.co/qxnP99uqTQ https://t.co/tGVqSZ2zK3
  • Support and resistance are the cornerstone of technical analysis, making it the foundation that you build your knowledge on. Build a stronger foundation here: https://t.co/yXLaRpl90I https://t.co/reMoYpqkQO
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here: https://t.co/Ye4m1FMKUW https://t.co/sqeRL7Rf7u
  • Cyclical and non-cyclical stocks can help diversify a trader’s equity portfolio. Get your guide to understanding these stocks here: https://t.co/h7BKTd2J8N https://t.co/ukOW0dWJxf
  • Beautifully put. https://t.co/0fBsmUH6Pb
Asian Stocks Mixed After Fed Hike, US Tarriffs In Focus Again

Asian Stocks Mixed After Fed Hike, US Tarriffs In Focus Again

2018-03-22 06:40:00
David Cottle, Analyst
Share:

Talking Points:

  • Asian stocks were mixed Thursday
  • The Nikkei made gains but Chinese and Australian stocks slipped
  • A possible increase in US trade barriers didn’t help the general mood

Avoid the most common errors made by new traders with the free DailyFX Guide

Asian stocks traded mixed Thursday as investors digested the Federal Reserve’s March monetary policy decision which came just before local markets openend.

The Fed raised rates as expected but declined to bolster some market suspicions before the fact that it might now do so again three more times this year. Another two rises remain its central prognosis, and the lack of an additional potential rise weighed a little on the US Dollar.

The Nikkei 225 powered back after a holiday break Wednesday to gain 1% by the close. Chinese stocks failed to hold on to early gains, possibly thanks to reports that the US will later announce more tariffs against the country. Australia’s ASX slipped by 0.2%.

The New Zealand Dollar was quite steady even as the Reserve Bank held interest rates steady and downgraded its inflation view. Markets were not looking for early rate rises before the fact. They’re still not. Indeed, the currency looks increasingly heavy on its daily chart, with a clear NZD/USD downtrend developing which has taken the pair below previous significant lows. Focus is now on the channel bottom which comes in admittedly some way below the market at 0.7108.

Asian Stocks Mixed After Fed Hike, US Tarriffs In Focus Again

Meanwhile The Australian Dollar edged lower following the release of an official employment report which slightly missed expectations.

Gold prices got a lift from that generally weaker US Dollar while crude oil prices were firm thanks to news of a surprise inventory drawdown and ongoing supply reductions from traditional producers.

There’s still plenty of meat on Thursday’s economic bones. The Bank of England will give its March monetary policy call. With rates not expected to move, focus will be on who votes for what on the nine member Monetary Policy Committee. Markets probably expect a 7-2 split in favor of leaving rates alone. If more than two vote for tightening, Sterling could rise.

Purchasing Managers Indexes are due from around Europe, with Germany’s closely watched Ifo survey also heading this way. Official UK retail sales figures round out the European session then it’s over the Atlantic for US initial jobless claims and PMI numbers.

Resources for Traders

Whether you’re new to trading or an old hand DailyFX has plenty of resources to help you. There’s our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There’s also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they’re all free.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter@DavidCottleFX or use 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