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. See our updated Privacy Policy here.

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
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
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
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
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/HUYJzEkYiT
  • #Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week. Can Gold bulls hold? Get your market update from @JStanleyFX here: https://t.co/NGRTSfceOW https://t.co/QkSUORIQE2
  • 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/PHK2sqB1jV
  • Top event risk for more than just the Dow and Dollar this week is the Wednesday #FOMC rate decision. What the markets expect sets the tone for how the event impacts price action. My run down of the week and Fed decision: https://www.dailyfx.com/forex/video/daily_news_report/2021/06/12/Dollar-and-SP-500-Breaks-Must-Abide-the-FOMC-Decision-This-Week.html https://t.co/Huvth4f706
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here: https://t.co/BnA07cMV0s https://t.co/AkE7bFRWAt
  • $GBPUSD continues to trade in ranges as volatility dwindles. UK data to play second fiddle to FOMC. Get your market update from @JMcQueenFX here: https://t.co/T0Eg4KaENB https://t.co/GMmZa5L0Il
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here: https://t.co/BgZLFljIhZ https://t.co/wlGgQrcK3X
  • What's the difference between leading and lagging indicators? Find out from here: https://t.co/vGx8HCagF5 https://t.co/qnQ8Cx0DKv
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/RJLpBgS43V
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/6GrWzkOouM
Asian Stocks Mixed As Markets Mull Fed Call, US Payrolls Loom

Asian Stocks Mixed As Markets Mull Fed Call, US Payrolls Loom

David Cottle, Analyst

ASIAN STOCKS TALKING POINTS:

  • Asian markets were mixed, with Tokyo out for holiday
  • The US Federal Reserve left rates alone but may not do so in June
  • The US Dollar looked a little listless

Find out what the #1 mistake that traders make is so that you never have to join them!

Asian stocks were mixed again on Thursday. Investors digested an as-expected monetary policy decision from the US Federal Reserve and looked to US/China trade talks with what hope they could muster.

The US central bank left interest rates alone as had been all-but universally expected. However, it pointed to gradually rising inflation in a statement judged to have left the door wide open to a hike next month Trade was also in focus thanks to the start of those high-level discussions Thursday in Beijing.

Equity markets were without usual bellwether Japan as that country took a holiday. Even so the ASX 200 and Shanghai Composite managed gains while the Hang Seng and Kospi wilted.

The US-Dollar slipped from its pre-Fed, four-month highs against a basket of its major traded rivals. However, with the policy decision out of the way, the currency felt in need of a new catalyst for much of the Asian session. It may get one soon enough though, with arguably the month’s key data release due on Friday- official US employment numbers. A chunky rise of 191,000 nonfarm payrolls is expected for April.

USD/JPY seems to have stalled around the highs of mid-February, breaking its dominant uptrend line in the process. Time will tell whether this is understandable consolidation or the start of any deeper retracement.

US Dollar Vs Japanese Yen, Daily Chart

Interest-rate differential still hugely favour the first scenario.

Crude oil prices fell on news of rising US inventories and production while gold prices rose on some caution before those trade talks.

Still to come on Thursday’s economic data slate are Eurozone consumer price numbers, the US service-sector snapshot from the Institute for Supply Management and US trade data. Initial jobless claims figures are also due, as are durable goods and factory order data.

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