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
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZX8cS https://t.co/qdrsi61CN8
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here: https://t.co/1oeXWEsJkb https://t.co/IyQdfq29fz
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here: https://t.co/EDvQdHfIPm https://t.co/R7pa7DsM8n
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: https://t.co/bTXkGN1CIM #DailyFXGuides https://t.co/EhdZpmkzaH
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook: https://www.dailyfx.com/forex/video/daily_news_report/2021/01/23/Dow-VIX-Tesla-and-Leverage-Reflect-Greater-Risk-to-the-Relentless-Bull-Market.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/KBOJIRPTQe
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/qP2PbS4dsY
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here: https://t.co/qV3c7a4YR3 https://t.co/POGWDIkqqz
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here: https://t.co/5GO9UrvO4y https://t.co/H76jNJJxU5
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out https://t.co/c51s3IBcEu https://t.co/1TiEWCbJ6t
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/fN2mfHgpON
Syria Airstrikes Could See Risk Assets Retreat As New Week Starts

Syria Airstrikes Could See Risk Assets Retreat As New Week Starts

David Cottle, Analyst

Talking Points:

  • The US, France and UK have attacked targets which they say are part of Syria’s chemical weapons program
  • Markets had been trading all week as though some sort of action was likely
  • Currencies like the Australian Dollar may come under pressure with the likes of the Japanese Yen likely to benefit

Join our analysts for live coverage of all major market-moving economic data at the DailyFX Webinars.

Market risk appetite is almost certain to be shattered by Saturday’s Western air strikes against targets in Syria when markets re-open on Monday, with Asia first to show its reaction.

The usual crisis playbook involves a retreat from currencies with strong links to the global economic growth cycle such as the Australian and New Zealand Dollars. Perceived havens such as the Japanese Yen and Swiss Franc stand to benefit.

The relative safety of the bond market will probably be sought out, at the expense of equities, with crude oil prices likely to rise. Other commodities may slide however if investors fear a deeper conflict with knock-on repercussions for global growth.

Syria Airstrikes Could See Risk Assets Retreat As New Week Starts

Fears of exactly the sort of military intervention we have now seen pushed US benchmark crude to its strongest weekly performance since last July in the past week. International standard-bearer Brent is at its highest since 2014.

There is some evidence to suggest that stock markets, especially, can shrug off crises quite swiftly. The Dow Jones Industrial Average had recovered all of its huge losses and then some less than two months after the September 11 attacks on New York.

Obviously, the precise extent of market reaction will depend on the headlines. The US, France and UK seem at pains to stress that their attacks were not explicitly aimed at producing regime-change in Syria, but rather to degrade the ability of that country to conduct chemical warfare. However, US President Donald Trump did say on Friday that the efforts of the US and her allies would be 'sustained,' which could hint at longer-term military operations.

Signs of de-escalation, or a cessation of strikes may see markets more composed by the time the first significant stock market, that of New Zealand, opens on Monday But a knee-jerk ‘flight to safety’ is probably the least investors can expect to see when they return to their screens.

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