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
Wall Street
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
  • #Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the #coronavirus pandemic threatens to disrupt cross-continental $BTC mining operations. Get your market update from @ZabelinDimitri here: https://t.co/BoH24MVf4P https://t.co/iQZZ6GbXm4
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 3.77% Silver: 0.98% Gold: 0.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zT774CAgDr
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇬🇧GBP: 0.17% 🇪🇺EUR: 0.12% 🇦🇺AUD: 0.05% 🇨🇦CAD: -0.05% 🇯🇵JPY: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3xiNijIufL
  • BOJ downgrades its assessment of all nine regional economies.- Nikkei
  • According to two Russian sources, Russia's maximum oil production cut under any global agreement would be 2mbpd #OOTT
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: France 40: 1.94% Germany 30: 1.69% Wall Street: 0.92% US 500: 0.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/vnyj3KceX3
  • Italian PM Conte states that they may relax some anti-coronavirus measures by the end of the month - BBC
  • GBP UK's Raab to prepare public for lockdown extension- Guardian
  • European Opening Calls From IG: #FTSE 5721 +0.76% #DAX 10436 +0.99% #CAC 4466 +0.52% #AEX 504 +0.65% #MIB 17535 +0.89% #IBEX 6993 +0.59% #OMX 1511 +0.75% #STOXX 2869 +0.62%
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/dRSWjcCMFy
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

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!

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


News & Analysis at your fingertips.