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
Mixed
Oil - US Crude
Bullish
Wall Street
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/rOnWgIotlz
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.11% Oil - US Crude: 0.02% Silver: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ENxA7SeIDF
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇨🇦CAD: -0.13% 🇪🇺EUR: -0.13% 🇨🇭CHF: -0.15% 🇬🇧GBP: -0.18% 🇦🇺AUD: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/cmUacZR1bK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 87.12%, while traders in France 40 are at opposite extremes with 74.18%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/WKmgAjSLWR
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/3rXsyuSemd
  • Nasdaq 100 Rebounds as Tapering Fears Ease, Hang Seng and ASX 200 Climb https://www.dailyfx.com/forex/market_alert/2021/06/22/Nasdaq-100-Rebounds-as-Tapering-Fears-Ease-Hang-Seng-and-ASX-200-Climb.html https://t.co/NZxRtj3rNa
  • ANZ Bank sees New Zealand house prices increasing by 0.7% in 2022 - BBG
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/9ZUHvkEw7R
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/aGz502atu0
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/OibiizbywE
Most Asian Stocks Track Wall St Higher, Brexit Worries Hit GBP

Most Asian Stocks Track Wall St Higher, Brexit Worries Hit GBP

David Cottle, Analyst

ASIAN STOCKS TALKING POINTS

  • Asian equities mostly gained Tuesday
  • The Reserve Bank of Australia left interest rates alone at record lows, again
  • The US Dollar was broadly steady but rose against the British Pound

The DailyFX Third-Quarter Fundamental and Technical Forecasts are out now.

Asian stocks managed gains for the most part on Tuesday. There were no new headlines from the trade spat between China and the US to cloud sentiment and buyers seem to have taken advantage of this to track US mainboards higher.

The Nikkei 225 added 0.6%, with the Shanghai Composite up by 1.3% and the Hang Seng adding 0.9%. The ASX 200 was the most notable regional laggard. It shed 0.4% as falls for raw materials and telecoms weighed. However the Sydney equity benchmark remains quite close to ten-year highs nevertheless and, moreover, looks quite relaxed there too from a technical perspective.

The US Dollar was broadly steady overall although it gained once more against the British Pound. GBP/USD slipped as markets continued to fret about the possibility of a ‘no deal’ exit for the UK from the European Union.

UK Pound Vs US Dollar, Daily Chart.

It is at lows not seen since September 2017 and has been falling consistently since mid-April as Brexit worries have mounted.

Indeed, GBP/USD has just fallen below the fourth, 61.8% Fibonacci retracement of its rise up to the peaks of April from the lows of March 2017. That came in at $1.2963. If Sterling bulls cannot regain that point, then the 76.4% retracement at $1.2636 could come into focus.

The Reserve Bank of Australia’s decision to leave interest rates on hold at their record low of 1.5% failed to move the Australian Dollar as it was universally expected. This unchanged rate is now two years old, the last cut having come in August 2016

Crude oil prices were mired as investors looked towards new, looming US sanctions against Iran. Gold prices rose slightly through the Asian session.

Still awaiting investors on Tuesday’s data slate are US employment data from the Job Openings and Labor Turnover Survey (JOLTS).

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