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.



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
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:🇮🇩 Inflation Rate YoY (JUL) due at 04:00 GMT (15min) Expected: 1.45% Previous: 1.33%
  • (ASEAN Fundy) US Dollar Outlook: SGD, THB, IDR, PHP May Benefit on Slowing Covid Growth, Soft NFPs #USD #ASEAN $USDSGD $USDTHB $USDIDR $USDPHP
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.12% Silver: -0.30% Oil - US Crude: -1.23% View the performance of all markets via
  • RT @Yeap_IG: #IGMorningthoughts: - 89% of #SP500 companies outperformed earnings thus far, but only 0.2% gain in SP500 since start of earni…
  • Gold prices risk forming a "Double Top" pattern - #GOLD chart
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.01% 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.10% 🇨🇦CAD: -0.14% 🇦🇺AUD: -0.17% 🇳🇿NZD: -0.17% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.87%, while traders in Wall Street are at opposite extremes with 74.32%. See the summary chart below and full details and charts on DailyFX:
  • Keppel Corp is seeking to buy Singapore Press Holdings (SPH) for S$2.2 billion following the spin-off of its media assets, and plans to delist and privatize the company - BBG
  • S&P 500 Futures Lift Nikkei 225, Regulatory Risks Hit Chinese Stocks
S&P, NASDAQ Up as Apple Soars. Risk Trends Eyed - Asia Market Wrap

S&P, NASDAQ Up as Apple Soars. Risk Trends Eyed - Asia Market Wrap

Daniel Dubrovsky, Strategist

See our 3Q forecasts for the US Dollar, Yen and Equities in the DailyFX Trading Guides page

US Session Developments – Apple Surpasses $1 Trillion Market Cap, Sentiment Improves

A deterioration in sentiment during the Asian and European sessions sent the Nikkei 225 and the Euro Stoxx 50 lower. Then, market-wide mood significantly turned around as Wall Street trading got underway. Apple Inc. became the first US company so surpass a $1 trillion market cap as shares rose more than 2.5%. This was in the aftermath of Tuesday’s upbeat earnings report.

The rise in Apple and information technology helped boost the S&P 500 and NASDAQ Composite 0.49% and 1.24% respectively. However, sentiment-linked currencies like the Australian and New Zealand Dollarswere unable to capitalize on gains. This was largely thanks to a stronger US Dollar that basked in the glory of a less hawkish Bank of England rate announcement that led to British Pound weakness.

Despite the recovery in risk appetite, the Japanese Yen remained stronger thanks gains during Thursday’s Asia/Pacific trading session. Meanwhile sentiment-linked crude oil prices rallied which helped lift the Canadian Dollar to a certain extent. The latter tends to follow the commodity at times due to its impact on Canadian revenue. Gold prices, the anti-fiat unit, fell amidst greenback gains.

A Look Ahead – Risk Trends in Focus

Asia/Pacific benchmark indexes could echo gains from Wall Street and weaken the anti-risk Japanese Yen. At the flipside of the majors FX spectrum, AUD and NZD could yet rise. While sentiment could improve in the near-term, the threat of a trade war still overshadows equities. On Thursday, China’s Ministry of Commerce said it was ready to retaliate after the most recent US tariff threat from Donald Trump.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

S&P, NASDAQ Up as Apple Soars. Risk Trends Eyed - Asia Market Wrap

DailyFX Webinar CalendarCLICK HERE to register (all times in GMT)

S&P, NASDAQ Up as Apple Soars. Risk Trends Eyed - Asia Market Wrap

IG Client Sentiment Index Chart of the Day: AUD/USD

S&P, NASDAQ Up as Apple Soars. Risk Trends Eyed - Asia Market Wrap

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 64.0% of AUD/USD traders are net-long with the ratio of traders long to short at 1.78 to 1. In fact, traders have remained net-long since Jun 05 when AUD/USD traded near 0.75456; price has moved 1.9% lower since then. The number of traders net-long is 4.3% higher than yesterday and 0.1% lower from last week, while the number of traders net-short is 13.0% lower than yesterday and 15.0% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/USD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.

Five Things Traders are Reading:

  1. Pre-NFP Price Action Setups Across the US Dollar by James Stanley, Currency Strategist
  2. GBP/USD: Net-Longs Reach 70% As Price Continues To Decline by Yayati Tanwar, DailyFX Research Team
  3. Weekly Technical Perspective on Aussie vs Japanese Yen (AUD/JPY) by Michael Boutros, Currency Strategist
  4. Gold Prices Risk Fresh 2018 Lows as RSI Flirts with Oversold Territoryby David Song, Currency Analyst
  5. Dow Drops to Support After FOMC-Fueled Pullbackby James Stanley, Currency Strategist

--- Written by Daniel Dubrovsky, Junior Currency Analyst for

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.