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
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
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
  • #Copper futures storming toward $3.50 as Chinese manufacturing and non-manufacturing PMI exceed market expectations Prices look set to challenge key resistance at the 127.2% Fib extension as RSI and MACD climb to their highest levels since July. $CPER #XCUUSD https://t.co/gdtX56jYP5
  • China A50 index attempts to defy gravity amid souring sentiment across the APAC. Financial stocks were leading the gains: - Ping An Insurance (+2.07%) - Citic Securities (+3.08%) - ICBC (+4.93%) - CCB (+2.79%) https://t.co/SN6wabgJpu
  • Tune in to @IlyaSpivak 's #webinar at 10:00 PM ET/ 3:00 AM GMT for insight on the cross-market outlook in the week ahead. Register here: https://t.co/E213bTtq5C https://t.co/Gyu02dXP46
  • #ASX200 futures pulling back aggressively as the Trump administration blacklists Chinese firms #SMIC and #CNOOC Breaching confluent support at the Pitchfork median and November 9 high (6551) could ignite a correction towards the November 7 low (6470) $XJO #technicalanalysis https://t.co/uctNXT2MMZ
  • Australian Dollar Dismisses Positive Chinese Data as US Blacklists #SMIC, #CNOOC - https://www.dailyfx.com/forex/market_alert/2020/11/30/Australian-Dollar-Dismisses-Positive-Chinese-Data-as-US-Blacklists-SMIC-CNOOC--.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $AUD $AUDUSD https://t.co/icKVzqbAfY
  • Swift risk-off turn may be linked to a @Reuters report saying the US is poised to add #SMIC and #CNOOC to a blacklist of alleged Chinese military companies https://t.co/LvVgTVBCsx
  • Asia-Pacific stocks trade broadly lower on the last trading day in November, retracing from recent highs. A vaccine-led rally appears to be overstretched, calling for profit-taking. Here is a summary of major indices performance in the past 1 month. https://t.co/uL4Zw7qUon
  • So much for a risk-on market open. #SPX futures have erased the upside gap, #jpy is up and the #dollar seems to be stabilizing. https://t.co/lrRhOA8PQM
  • Top trading lesson: My top trading lesson for 2018 is to remember why you entered the position in the first place. Listen to your analysis and stay true to your trading style and typical timeframe - @PeterHanksFX https://t.co/t7Yk0KBCuv https://t.co/3TfukLVsZg
  • 🇨🇳 NBS Manufacturing PMI (NOV) Actual: 52.1 Expected: 51.5 Previous: 51.4 https://www.dailyfx.com/economic-calendar#2020-11-30
Most Asian Markets Gain As Oil HIts $70, US Dollar Inches Up Again

Most Asian Markets Gain As Oil HIts $70, US Dollar Inches Up Again

2018-05-07 06:56:00
David Cottle, Analyst
Share:

ASIAN STOCKS TALKING POINTS:

  • Most Asian markets managed gains Monday
  • The Nikkei 225 was an exception but it only fell by a whisker
  • The US Dollar was a little more wobbly after Friday’s mixed employment numbers

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

Most Asian stocks gained quite Monday despite oil prices topping $70/barrel.

A variety of stories are vying for market attention. From last week’s mixed US employment numbers to apparently deadlocked trade talks between Washington and Beijing and on to those rising oil prices, stock investors can take their pick. Tech also got a boost after Warren Buffett’s Berkshire Hathaway was revealed to have bought plentiful Apple shares in the first quarter.

The Nikkei 225 ended the session lower, but only just, with Australia’s ASX 200 rising thanks to strength in material and energy names. Chinese stocks were also higher, on the mainland as well as in Hong Kong.

The US Dollar continued to make gains despite those patchy labour market numbers. It hit four-month highs against a basket of its major traded rivals Monday, only to pare some gains through the Asian session. The Australian Dollar got a modest lift from improved domestic business confidence. Its New Zealand cousin remains under pressure against the US Dollar too but seems to have found something of a base in the past week at its lows of December, 2017.

New Zealand Dollar Vs US Dollar, Daily Chart

Gold prices were steady through the Asian session, with the market keeping an eye out for the plentiful US Federal Reserve speakers who are due this week. Oil prices rose to highs not seen since late 2014 on worries about Venezuela’s economy and the possibility of more sanctions against Iran.

The data schedule is sparse fot the remainder of Monday but will pick up as the week goes on.

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