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
EUR/USD
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
Oil - US Crude
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
Wall Street
Bullish
Gold
Mixed
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
More View more
Real Time News
  • Multiple time frame analysis follows a top down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame chart. Learn how to incorporate multiple time frame analysis here: https://t.co/HnzQcAXWLU https://t.co/A517hC0JAG
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/1G7CRsegRX https://t.co/jBFhVRWLyy
  • Copper prices seem to have stalled just shy of key chart resistance as geopolitical tensions weigh on the global-growth proxy. Get your copper market update from @ddubrovskyFX here:https://t.co/qseySE5dWP https://t.co/u0HoA9tVvz
  • The #Euro may pay the price for the EU’s stance on its digital sovereignty while the US Dollar eyes closely-scrutinized US fiscal stimulus talks. Get your $EURUSD market update from @ZabelinDimitri here:https://t.co/Ga3DdHod7j https://t.co/Mfhb5iqLF6
  • The Indian Rupee struggled to benefit from an unexpected RBI rate hold as the Nifty 50 inched closer to invalidating a bearish reversal signal. What is the road ahead for USD/INR? Find out from @ddubrovskyFX here:https://t.co/Zjiay6hQWT https://t.co/TvedUlvwxd
  • While the balance sheet did not set higher highs US initial jobless claims fell to their lowest since the middle of March If you invert jobless claims, it set a higher high alongside #SP500 #FoodForThought ahead of the weekend, and have a good one! https://t.co/n6SaEdnpMi https://t.co/AKNYNlUa4l
  • Copper prices seem to have stalled just shy of key chart resistance as geopolitical tensions weigh on the global-growth proxy. Get your copper market update from @ddubrovskyFX here:https://t.co/qseySE5dWP https://t.co/zuQMaDqScY
  • When is a 1.76 million jobs added to the US economy underwhelming? When it is still 12.88 million jobs from the pre-pandemic level and economists warn the subsequent gains are going to slow sharply... https://t.co/IUMBsiGYYC
  • The New Zealand Dollar may extend its surge from yearly lows as it tentatively signals a cyclical upturn. NZD/USD, NZD/JPY rates poised for further gains. Get your market update from @DanielGMoss here: https://t.co/vrOuFkvWpX https://t.co/wKbQNFAZbn
  • The US Dollar is testing key support levels against the Singapore Dollar, Malaysian Ringgit, Philippine Peso and Indonesian Rupiah following persistent losses. Get your #ASEAN currencies market update from @ddubrovskyFX here: https://t.co/qqYDELqydd https://t.co/nh7SspnIzF
Asian Stocks Post Broad Gains On US Earnings, Trade Hopes

Asian Stocks Post Broad Gains On US Earnings, Trade Hopes

2018-08-17 04:54:00
David Cottle, Analyst
Share:

ASIAN STOCKS TALKING POINTS:

  • Most Asian stock markets rose on Friday
  • A decent US tailwind and some hopes on the trade front helped
  • The US Dollar slipped back a little as risk appetite revived

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

Most Asia Pacific stocks managed gains Friday, following on from an earnings-led rebound in US markets and hopes that China and the US may yet be able to avoid trade war.

White House economic advisor Larry Kudlow confirmed in a television interview earlier reports saying that the two countries will participate in a fresh round of trade talks later this month. There was a broad rise for stocks across the region, although the Shanghai Composite missed out, with the pharmaceutical sector reportedly under pressure.

The Nikkei 225 was up 0.4% as its close loomed, with the ASX 200 in the green by 0.1%. Stocks in Seoul and Hong Kong were higher too.

The US Dollar slipped back as the trade news ignited a modest risk appetite revival. This boosted the Australian Dollar, which had initially slipped very modestly following semiannual Parliamentary testimony from Reserve Bank of Australia Governor Philip Lowe. He stuck very much to the central bank’s familiar script, suggesting that the next interest rate move, when it comes, will probably still be a rise but cautioning that there was ‘no case’ for any shift at all in the near future.

AUD/USD remains right in the center of the long downtrend channel, which has contained trade since the start of this year. However, it could be set for some probably brief respite as it remains above the lows of the past week.

Enduring downtrend: Australian Dollar Vs US Dollar, Daily Chart

Oil prices retreated again, reportedly on investor worries about global growth as we move into 2018’s closing months. Gold prices were weaker too, but not by very much.

The economic data slate is a little light for the rest of Friday, but it’s not completely devoid of likely investor interest. Canadian consumer price numbers are coming up, as is the latest Eurozone current account release. The University of Michigan’s consumer sentiment index will round out the global session.

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

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.