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
Bearish
Oil - US Crude
Bearish
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
Gold
Bullish
GBP/USD
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
USD/JPY
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
More View more
Real Time News
  • Heads Up:🇹🇭 Balance of Trade (MAR) due at 03:30 GMT (15min) Expected: $0.6B Previous: $7.25B https://www.dailyfx.com/economic-calendar#2021-04-22
  • RT @FxWestwater: #Euro Technical Analysis: $EURUSD, $EURAUD, $EURNZD, $EURJPY Chart Setups Link: https://www.dailyfx.com/forex/market_alert/2021/04/22/Euro-Technical-Analysis-EURUSD-EURAUD-EURNZD-EURJPY-Chart-Setups.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/nX…
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.07% Silver: -0.25% Oil - US Crude: -0.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/24SAvh8ude
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/egstowtltH
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.12% 🇬🇧GBP: 0.09% 🇪🇺EUR: 0.09% 🇦🇺AUD: 0.04% 🇨🇦CAD: 0.01% 🇳🇿NZD: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/D9tyhgy0CG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.65%, while traders in Wall Street are at opposite extremes with 71.89%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/YldZ1a7abi
  • Update on #Cryptocurrencies #BITCOIN -2.72% #BITCOINCASH -5.01% #ETHEREUM +5.15% #RIPPLE -4.21% #LITECOIN -0.24% #DOGECOIN -5.15%
  • Tokyo Governor Yuriko Koike asked central government to declare state of emergency -BBG
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/EXYkozlj21
  • 🇯🇵 Foreign Bond Investment (17/APR) Actual: ¥906.5B Previous: ¥1715.5B https://www.dailyfx.com/economic-calendar#2021-04-21
Trade Worries Still Weigh On Asian Stock As Tariff Deadline Looms

Trade Worries Still Weigh On Asian Stock As Tariff Deadline Looms

David Cottle, Analyst

ASIAN STOCKS TALKING POINTS:

  • Asian stocks were mixed yet again on Tuesday
  • A lack of local economic data is keeping investors focus on trade spats
  • The US Dollar was lower against the Euro as Germany’s latest political problem appeared to be resolved

Get trading hints and join our analysts for live coverage of all major market moving economic data at the DailyFX Webinars.

Asian stocks were mixed once again on Tuesday, with trade worries continuing to weigh on markets short of domestic data to add impetus.

The end of this week will see the imposition of new US tariffs on more Chinese imports, with Beijing pledged to respond in kind. While most commentators seem to think that a full-scale trade war between the world’s two largest national economies will yet be avoided, the omens are not good for a resolution of this issue anytime soon.

Some local stock markets managed gains nevertheless, with Australia’s ASX 200 and Seoul’s Kospi both higher albeit not to any great extent. Hong Kong’s Hang Seng returned from a holiday to play bearish catchup with Chinese stocks’ performance while it was out. The Shanghai Composite was more or less unchanged on the day as its close loomed, however, with the Nikkei 225 lower, having relinquished early gains.

The US Dollar was marginally weaker against its major traded rivals as the Euro revived as Monday’s worries about the stability of Germany’s government were assuaged. China’s Yuan was volatile on trade concerns, with USD/CNY getting up to 6.7204- its strongest since last August, before slipping back on what some traders reportedly said was buying by Chinese state owned banks.

Commodity linked currencies like the Australian Dollar were also pressured. Indeed the Aussie slipped a little further on news that the Reserve Bank of Australia was leaving interest rates alone at record lows, with seemingly no intention whatever of raising them in the near future. Still, there were signs of a revival in risk appetite as European markets kicked in.

Gold prices slipped modestly once again, while crude oil prices rose after Libya declared force majeure on its lost production, although the prospect of increased supply from OPEC and the US shale fields, along with uncertain demand, is keeping the lid on.

Spot gold prices have now more-than erased their gains for the year and are now clinging to what must be tenuous support at the lows of December, 2017.

All The Way Back Down: Spot Gold, Daily Chart

Still to come on Tuesday are the construction sector Purchasing Managers Index out of the UK, the manufacturing PMI from Canada, Eurozone retail sales figures and final durable goods order levels from the US.

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