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.

Free Trading Guides
Oil - US Crude
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
  • The $USD faces selling pressure against the Malaysian Ringgit and Philippine Peso. More losses may be in store in $USDMYR as $USDPHP descends through rising support from 2013. Get your market update from @ddubrovskyFX here: https://t.co/t3kmFpmg1w https://t.co/miBrgxmtkA
  • $AUDJPY has launched yet another attempt to breach a multi-month downward trend resistance after failing to break above it in September. Will two consecutive defeats precede a reversal lower? Find out from @ZabelinDimitri here: https://t.co/b3nWUu0QZy https://t.co/Lj0ZSWOdp1
  • The #Euro has breached resistance guiding it lower for nearly four months, setting the stage for gains. Any near-term rise is unlikely to derail the long-term downtrend, however. Get your Euro market update here: https://t.co/gl9VRc3XEp https://t.co/K2mQuEolQc
  • We just closed out the $DXY's worst weekly tumble since January 2018...and it still hasn't cleared this frustratingly restrictive channel https://t.co/cJedpn0g8D
  • Heads Up:🇬🇧 GBP U.K. Government Sits to Discuss Brexit due at 23:01 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-10-18
  • “Gold Price Charts on Cusp of Major Breakout” - via @DailyFX Check out the preview of this week’s technical outlook for $XAUUSD below. Link to full analysis: https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/10/18/xau-usd-xauusd-gold-price-charts-on-the-cusp-of-a-major-breakout.html https://t.co/7X6nkafn7D
  • With a #Brexit deal in focus and the US-China trade war de-escalating, G10 currencies’ central banks’ rate cut odds have receded. Get your market update from @CVecchioFX here: https://t.co/k7XkyKD7iW https://t.co/vaZV1vSWjP
  • ECB President Lagarde says Trump should stop criticizing the Fed with tweets -BBG
  • Politics continues to dictate volatility in the $GBP with option premiums at the highest since the 2016 EU referendum. Get your market update from @JMcQueenFX here:https://t.co/cpApmLPBgR https://t.co/vwpmpyZOam
  • The US Citi Economic Surprise Index dropped to 8 today, down from 44.9 on September 26th https://t.co/y3Jk0TUhJk
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


  • 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.


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.


News & Analysis at your fingertips.