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
Oil - US Crude
Wall Street
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
  • The British Pound technical outlook still seems to favor the downside. GBP/CAD may pressure key rising support from August as GBP/AUD could prolong its downtrend. GBP/CHF may fall. Get your $GBP market update from @ddubrovskyFX here: https://t.co/hBOpDKXmfW https://t.co/AJlT2YKeCu
  • USD/JPY is approaching medium-term uptrend resistance and while the outlook remains constructive, the advance may be vulnerable near-term while below confluence resistance. Get your $USDJPY technical analysis from @MBForex here: https://t.co/93D7AyhHtG https://t.co/KQcLLrkMP3
  • AUD/USD has had the most impressive show of trend over the past couple of months with the pair gaining almost 1500 pips from the March low. Get your $AUDUSD technical analysis from @JStanleyFX here: https://t.co/vLz4Rpln3u https://t.co/AOwnJja5V8
  • Has the #Euro been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/AyRiYpb4cN
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/ygwjGNvS61
  • The $USD, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop. Find out from @ZabelinDimitri here: https://t.co/L8cfAgVx94 https://t.co/THWhPAS6AM
  • The price of #gold plunged 1% immediately after the stunning US jobs report crossed the wires. Get your market update from @RichDvorakFX here: https://t.co/8i0L6YIqjy https://t.co/y9dIXazJf9
  • S&P 500, Dow Jones, Nasdaq explode higher with stocks surging in response to shockingly better-than-expected monthly jobs data. Get your #equities market update from @RichDvorakFX here: https://t.co/nuMVWOzzuC https://t.co/M3nGBjd7kZ
  • The record-breaking NFPs increase behind us and the FOMC rate decision on Wednesday sets the tone for my trading video: 'Dow Soars Above 200-Day Average on NFPs, Will the #Fed Keep the Dollar Sliding' https://www.dailyfx.com/forex/video/daily_news_report/2020/06/06/Dow-Soars-Above-200-Day-Average-on-NFPs-Will-the-Fed-Keep-the-Dollar-Sliding.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/kquvec5HVc
  • Seasonal factors, oversupply issues and the outbreak of COVID-19 has seen the price of liquefied #naturalgas (LNG) fall to 22-year lows (1.519), with the situation exacerbated by ‘fuller-than-normal’ storage facilities. Get your market update here:https://t.co/VOqfkBQ4aR https://t.co/OsaphmqEmu
Asian Stocks Mixed As Xi Trade Boost Fades, US CPI Up Next

Asian Stocks Mixed As Xi Trade Boost Fades, US CPI Up Next

2018-04-11 06:21:00
David Cottle, Analyst

Talking Points:

  • Asian stocks put in a mixed performance Wednesday
  • The Nikkei and ASX sold off a little, but Chinese stocks made gains, possibly after the PBOC chief offered the prospect of more financial liberalization
  • The US Dollar held up against the Yen but lost out to its Australian and New Zealand cousins

Ever felt you’d like to know more about Bitcoin? The free DailyFX guide is for you

Asian markets failed to capitalize further Wednesday on the global gains seen following Chinese President Xi Jinping’s more conciliatory trade speech the day before. Perhaps this shouldn’t be a surprise as Asia of course got to hear it first and had already reacted with broad strength.

The Nikkei 225 ended the session down 0.5%, with the ASX 200 and South Korea’s Kospi down by similar amounts. The Shanghai Composite and the Hang Seng were both in the green.

In the foreign exchange market the US Dollar held on to most of its post-speech gains against the Japanese Yen, but approached two-week lows against a basket of its most widely traded peers. USD/JPY remains within the broad range which has limited trade since mid-February, with the test of the range top seemingly set to fail.

Asian Stocks Mixed As Xi Trade Boost Fades, US CPI Up Next

However there’s little to suggest that US Dollar bears have the resolve needed to challenge the still-distant range base and support close at hand looks firm.

The Australian Dollar preserved its bid despite some underwhelming consumer confidence data and weaker Chinese inflation. Japanese machine tool orders also came in strongly, trouncing expectations of a fall.

People’s Bank of China Governor Yi Gang added some financial aspects to President Xi’s trade liberalization comments. Speaking at the Boao Forum, as his President did the day before, Yi said that the stock connect facility between Hong Kong and Shanghai would have hugely bigger capacity from May 1, and that other financial sector reforms would follow.

Gold prices steadied through the Asian session while crude oil prices made initial gains, reportedly on worries over the possibility of Western air strikes in Syria. However, they surrendered these as Asia’s Wednesday wore on.

Still to come on Wednesday are Consumer Price Index data from the US, trade and manufacturing numbers out of the UK. Investors will also get a look at real US earnings and oil inventory levels from key delivery node Cushing, Oklahoma.

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.


News & Analysis at your fingertips.