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
Mixed
GBP/USD
Mixed
USD/JPY
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
Bullish
Oil - US Crude
Bearish
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
Bitcoin
Bearish
More View more
Notice

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • European Opening Calls From IG: #FTSE 7345 +0.00% #DAX 12433 -0.28% #CAC 5675 -0.27% #IBEX 9151 -0.31% #STOXX 3558 -0.39%
  • What is prop trading and how can retail traders benefit? Tune into the #podcast episode featuring Morad Askar, aka Futures Trader 71. Only on Global Markets Decoded. Tune in here: https://t.co/2jDvD9L1Er https://t.co/STqSwY7OBT
  • Crude Oil Prices May Fall on ECB Commentary, US PMI Data - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2019/09/23/Crude-Oil-Prices-May-Fall-on-ECB-Commentary-US-PMI-Data.html?utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #CrudeOil #ECB #PMI #OOTT
  • Germany 30 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 30 since May 04 when Germany 30 traded near 12,460.20. A contrarian view of crowd sentiment points to Germany 30 strength. https://www.dailyfx.com/sentiment https://t.co/szH9YPYhHG
  • RT @LiveSquawk: UK PM Johnson: Do Not Wish To Elevate Belief There Will Be A New York Breakthrough On Brexit -A Great Deal Of Progress Has…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.07%, while traders in France 40 are at opposite extremes with 88.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/OrePrrlL0a
  • (ASEAN Fundamental Outlook) US Dollar ASEAN Outlook Bullish, Trade Deal Hopes Fade, PHP at Risk #ASEAN #USD #USDPHP #TradeTalks - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/09/23/US-Dollar-ASEAN-Outlook-Bullish-Trade-Deal-Hopes-Fade-PHP-at-Risk.html?utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/0V1NIlGFuR
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.25% 🇦🇺AUD: 0.20% 🇬🇧GBP: 0.15% 🇨🇭CHF: -0.02% 🇨🇦CAD: -0.06% 🇯🇵JPY: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/kxpBDlDSEt
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.33% Wall Street: 0.30% France 40: -0.17% Germany 30: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/dlWycO82ZV
  • $EURGBP has fallen over 6% since August and is now rapidly approaching a critical support level not reached since May. Will a break below accelerate the aggressive selloff? Find out from @ZabelinDimitri here: https://t.co/CBM8Fg7vM0 https://t.co/ER5eD69A4C
Asian Stocks Up Despoite Ongong Trade Tensions,  UK CPI Eyed

Asian Stocks Up Despoite Ongong Trade Tensions, UK CPI Eyed

2018-09-19 04:57:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Most Asian stocks rose on Wednesday
  • The Bank of Japan left monetary policy alone, China’s Premier said the Yuan would not be devalued
  • UK inflation data are coming up in the European day

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

The Australian Dollar got a lift Wednesday from comments made by Chinese Premier Li Keqiang.

Speaking at a World Economic Forum event in Tianjin he said that China would not be devaluing its Yuan in order to stimulate exports. This was taken something of a vote of confidence, despite recent tariff raising between China and the US, and AUD/USD got the best of it. Li also said that Beijing was facing greater difficulties in keeping the domestic economy stable, and this comment may have been behind some of the AUD/USD retracement seen since.

Chinese Inspired Gains: Australian Dollar Vs US Dollar, 5-Minute Chart

Meanwhile the Japanese Yen was steady as the Bank of Japan did as was universally expected and left its monetary taps wide open for yet another month. There was some cheer in news reports that North Korea had agreed to shut down one of its missile testing and launch sites. The news was apparently relayed via South Korean President Moon Jae-in. Donald Trump hailed it as an exciting development.

Japan’s trade deficit was found to have almost doubled in August, with the sensitive surplus with the US shrinking for a second straight month. The UK Pound retraced some of the gains made in the previous session although some more optimistic Brexit headlines continue to filter out of Brussels and London.

Asian equity investors found something to like in most of the day’s numbers and local stocks traded broadly higher. The Nikkei 225 added 1.3%, with Shanghai, Hong Kong up by nearly 1% apiece as their closes loomed. Seoul’s Kospi was the only notable loser. It failed to hold gains and was down by 0.1%.

Gold prices inched up while crude oil prices were pressured by Tuesdays news of a surprise US stock build.

Coming up over the rest of Wednesday we have UK Consumer Price Index Data, while European Central Bank President Mario Draghi is scheduled to speak in Berlin.

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!

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

DISCLOSURES

News & Analysis at your fingertips.