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
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Bullish
More View more
Real Time News
  • (Analyst Pick) Euro Price Outlook at Risk to Reversal. ECB, Brexit Deal Vote Loom $EURUSD #Euro #ECB #Brexit - https://www.dailyfx.com/forex/analyst_picks/todays_picks/daniel_dubrovsky/2019/10/22/Euro-Price-Outlook-at-Risk-to-Reversal.-ECB-Brexit-Deal-Vote-Loom.html?CHID=9&QPID=917702 https://t.co/jaXPxarxql
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.17%, while traders in Germany 30 are at opposite extremes with 77.82%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/5EpSLSJ4qP
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.33% 🇬🇧GBP: 0.16% 🇦🇺AUD: 0.10% 🇪🇺EUR: 0.00% 🇯🇵JPY: -0.03% 🇨🇭CHF: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GqA4iwiqlN
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.26% US 500: 0.21% Wall Street: 0.20% France 40: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/FuBeDSt9EZ
  • Can you trade with the joy of missing out (#JOMO)? Find out how you can turn your #FOMOintrading to JOMO here: https://t.co/G5H26NXZQe https://t.co/1qjacaayxC
  • Very excellent article by my colleague @DavidCottleFX talking about India's banking system as credit growth chugs along at its slowest pace in over 20 years. Learn more about why the Indian Rupee is vulnerable below! $USDINR #Rupee https://t.co/xnHVPw2azs
  • As #China faces #trade conflict, internal unrest and slowing growth, democratic #India should be ripening as an investment destination. But its mired #banking sector will continue to weigh on growth, confidence and the #Rupee. https://www.dailyfx.com/forex/market_alert/2019/10/22/Indian-Rupee-Will-Struggle-Along-With-Indias-Troubled-Bank-Sector-.html?utm_source=Twitter&utm_medium=Cottle&utm_campaign=twr
  • My trading video for today: '$GBPUSD Outlook Disputed By #Brexit Risks and Traders, EURUSD An FX Nexus' https://www.dailyfx.com/forex/video/daily_news_report/2019/10/22/GBPUSD-Outlook-Disputed-By-Brexit-Risks-and-Traders-EURUSD-An-FX-Nexus.html?utm_source=Twitter&utm_medium=Kicklighter&utm_campaign=twr
  • The gold-silver ratio is simple. It is the number of silver ounces you would need to trade to receive one ounce of #gold at current market prices. Find out how you can use this in your trading strategy here:https://t.co/kh5DZvduqD #CommoditieswithDailyFX $XAUUSD https://t.co/MmS9VdmQmP
  • The $JPY is overwhelmingly in the grip of fundamental and macro action, but $USDJPY charts show the pair in a fascinating spot. Get your market update from @DavidCottleFX here:https://t.co/nD8RuyzvGG https://t.co/uAp5lVBVsN
Asian Stocks Mixed As US/China Trade Hopes Linger, Dollar Down

Asian Stocks Mixed As US/China Trade Hopes Linger, Dollar Down

2018-08-20 05:00:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Stocks were broadly higher on Monday afternoon
  • Investors were cheered by a report that Trump and Xi might meet
  • The Dollar took an initial hit but steadied

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

Asian shares mostly rose on Monday, tracking Wall Street’s gains at the end of last week. Trade concerns were once again front and center for investors following a Wall Street Journal report Friday. This raised hopes that Donald Trump will meet Chinese leader Xi Jinping in November.

A nine-member delegation from Beijing will hold preliminary meetings with their US counterparts in late August, the report said, citing officials from both countries.

Trade hopes managed to top last week’s news of an unexpected slip for US consumer confidence.

The Nikkei 225 slipped 0.3%, with all other regional bourses in the green as their closes approached, albeit not by much.

The US Dollar initially weakened a little against major trade rivals as a revival in risk appetite gave it a knock, but it drifted back up once more against the likes of the Japanese Yen as the session went on.

The Australian Dollar found some support on its AUD/USD hourly chart, which put the bulls back in the driving seat. However, the sharp falls seen on August 9 and 10 still bar the way higher.

Asian Stocks Mixed As US/China Trade Hopes Linger, Dollar Down

Crude oil prices were lower thanks to ongoing worries about global economic growth, while gold prices were steady as investors weighed up trade prospects.

It’s a very quiet day for economic data with German producer prices and the German Bundesbank’s monthly report coming up. Neither is likely to draw the market crowds.

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.