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
Wall Street
Mixed
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
  • Fitch on China Property Developers - View will turn negative if sales in H2 21 fall below that achieved in H2 19 and/or if sharp fall follows through to H1 22 - Government policies in sector remain tight and show no sign of imminent loosening
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/B0Y3XJhkRS
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/1xhewkdV21
  • (USD Weekly Tech) US Dollar Dominant Uptrend Back In Focus: EUR/USD, USD/JPY, NZD/USD, USD/CHF https://www.dailyfx.com/forex/technical/article/special_report/2021/09/20/US-Dollar-Dominant-Uptrend-Back-In-Focus-EURUSD-USDJPY-NZDUSD-USDCHF.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/IpwzBGCi7P
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/qv8keXFzHZ
  • Join @IlyaSpivak at 22:00 EST/2:00 GMT for his cross-market weekly outlook webinar. Register here: https://t.co/MKGHc9ae64 https://t.co/JMlT0Wn3DK
  • 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/sbejkd7XT5
  • *Reminder: Weekly Strategy Webinar Monday morning at 8:30am ET - https://t.co/lxd5fZnn4H Mid-Week Market Update on Wednesday at 9:30am ET - https://t.co/8SFBJxNZrA
  • 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/CJR61cljOe
  • (AUD Weekly Tech) Australian Dollar May Wilt, Downtrends Resume: AUD/USD, AUD/JPY, AUD/NZD, AUD/CAD https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2021/09/19/Australian-Dollar-May-Wilt-Downtrends-Resume-AUDUSD-AUDJPY-AUDNZD-AUDCAD.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/DedoOKJMXh
Asian Stocks Mixed As G7 Anger, Trump/Kim Summit Dominate Trade

Asian Stocks Mixed As G7 Anger, Trump/Kim Summit Dominate Trade

David Cottle, Analyst

ASIAN STOCKS TALKING POINTS:

  • Asian stocks were mixed in a day short of local economic numbers
  • The weekend’s angry G7 meeting clouded markets’ start
  • The looming meet between Donald Trump and Kim Jong Un was in huge focus

Find out what the #1 mistake that traders make is and how you can avoid it.

Asian shares were mixed Monday as well they might have been given all the news stories investors have to digest. Stocks weren’t helped by reports from last weekend’s meeting of the Group of Seven nations in Quebec. That get-together was fractious with the US looking still-more isolated in its enthusiasm for new trade barriers and readmitting Russia to the block. Europe and Canada have threatened counter-action against the US, keeping trade war fears very much front and centre for the markets.

However Asian Focus quickly turned to Tuesday’s summit meeting between Donald Trump and North Korean leader Kim Jong Un. Markets seem very unsure what to expect from this in terms of concrete progress, with relentless media speculation adding nothing solid to the mix. North Korean sources have reportedly said they seek a durable peace. Donald Trump spent Monday with his Singaporean government hosts.

The Nikkei was up by 0.6%, with stocks in Hong Kong and South Korea higher too. Australian markets were thinned considerably by the Queen’s Birthday break and the ASX was closed. Shanghai slipped a little

There are also three central bank monetary policy meetings coming up this week, from Japan, the Eurozone and the US. The Federal Reserve is expected to raise interest rates again, with the European Central Bank tipped to discuss some withdrawal of its own monetary stimulus.

The Japanese Yen made some gains in Asian hours as that G7 meeting weighed on risk appetite. USD/JPY seems to have settled back into the broad range trading which has dominated for the past couple of months.

Asian Stocks Mixed As G7 Anger, Trump/Kim Summit Dominate Trade

US Dollar Vs Japanese Yen, Daily Chart With Current Range

The Euro was a little higher too as investors looked toward the ECB.

Crude oil prices slipped on news of increased supply from both the US and Russia, while gold prices also ticked higher.

Still to come on Monday are trade and industrial production numbers out of the UK.

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