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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • RT @FxWestwater: Australian Dollar Outlook: $AUDUSD Unfazed by Falling Westpac Confidence Link:…
  • Japanese Yen Price Analysis: AUD/JPY, EUR/JPY Poised to Gain Ground - $JPY $AUDJPY $EURJPY
  • Heads Up:🇮🇩 Business Confidence (Q4) due at 04:00 GMT (15min)
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.77% Silver: 0.67% Gold: 0.41% View the performance of all markets via
  • A Symmetrical Triangle and long-term trendline resistance provide key levels to watch for NZD/CHF and CAD/CHF. Get your market update from @FxWestwater here:
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.31% 🇨🇦CAD: 0.17% 🇬🇧GBP: 0.16% 🇪🇺EUR: 0.14% 🇳🇿NZD: 0.13% 🇨🇭CHF: 0.12% View the performance of all markets via
  • The #HSI looks set to re-challenge the 28,970 resistance. Will it succeed and attempt 30,000 mark today?
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 64.29%. See the summary chart below and full details and charts on DailyFX:
  • Japanese Chief Cabinet Secretary Kato: - Vaccine schedule can't be fixed before approval - Tokyo area still facing severe Covid situation - BBG $USDJPY
  • The British Pound may continue gaining ground against its haven-associated counterparts in the near term. However, the currency may give up gained ground against the New Zealand Dollar.Get your $GBP market update from @DanielGMoss here:
Asian Stocks Get Wall St Boost, UK CPI Looms Large For Pound

Asian Stocks Get Wall St Boost, UK CPI Looms Large For Pound

David Cottle, Analyst

Talking Points:

  • Asian stock markets rose across the board Tuesday
  • There wasn’t much domestic news but US earnings season kept the party going
  • UK inflation data will grab attention as European trade ramps up

Once you know the #1 mistake that traders make, you’ll know exactly how to avoid it.

Asian stocks rose Wednesday buoyed up by ongoing brightness in US corporate earnings. Wall Street stocks surged in the previous session thanks to crowd-pleasing reports from Netflix, Goldman Sachs and UnitedHealth.

This was more than enough to lift the local equity market tone on a day of scant economic news. The Nikkei 225 ended up 1.4%, with all other bourses safely in the green - if not to the same extent. The ASX 200 added 0.3% and the Shanghai Composite was 0.7% higher as its close loomed.


The Japanese Yen rose after its home nation unexpectedly logged its biggest trade surplus since February 2017. The US Dollar was broadly higher, too, however. Markets also digested news that China had cut its reserve requirement ratio for the banking sector, a move which also helped underscore risk appetite.

USD/JPY seems to be in the process of failing once more at its established daily-chart range top.

Asian Stocks Get Wall St Boost, UK CPI Looms Large For Pound

However, the bulls may not be quite so easily dissuaded and this may not be the time to fight them.

Broader risk appetite saw the usual slip for gold prices, while crude oil prices edged up on news of lower US inventories.


Still to come Wednesday are official March inflation numbers out of the UK, along with that country’s house-price index. DailyFX Senior Currency Strategist Ilya Spivak notes that British data have underperformed recently and cautions that more of the same from inflation could hit rate-hike bets and, thereby, the Pound.

The Bank of Canada will pronounce on interest rates and is expected to hold them steady for April. Finally, the US Department of Energy will release oil inventory figures from key delivery node Cushing, Oklahoma.


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.