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.

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
Subscribe
Please try again
EUR/USD
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
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Gold: 0.12% Silver: -0.06% Oil - US Crude: -1.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/sNsR5cEIpR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.73%, while traders in NZD/USD are at opposite extremes with 74.62%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Ej2mcEGBUh
  • BoC Deputy Governor Wilkins: Real estate bounce back has been 'sharp, 'aggressive' Pent-up demand drove sharp housing rebound Doesn't see a lot of speculation in housing - BBG $CAD
  • BoC Governor Macklem: Negative rates in toolkit; not being discussed Could lower effective lower bound, not be negative Ample scope to scale up QE if needed - BBG $CAD
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: US 500: 0.00% Wall Street: -0.00% France 40: -0.20% Germany 30: -0.21% FTSE 100: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/QXuQhXMBLp
  • I’ve outsmarted the onions! Happy thanksgiving everyone 🦃 https://t.co/RjTjo5nawW
  • Contrary to standard belief, greed and profits are often inversely correlated in trading. Remaining disciplined is key to a successful trading strategy. Learn how to control greed when trading here: https://t.co/5GXReUsKRj https://t.co/S2DZkNw7Tc
  • BoC Governor Macklem: Risk around our projection "roughly balanced" Inflation projected to remain less than 2% into 2023 - BBG $CAD
  • BoC Governor Macklem: BoC expects economy to shrink 5.5% in 2020 Economy to be operating below potential into 2023 Inflation is unusually weak - BBG $CAD
  • BoC Governor Macklem: Rates will stay very low for very long time Very rapid growth of the reopening phase is now over Annual growth to average almost 4% in 2021, 2022 - BBG $CAD
Asian Stocks Gain On US Dollar Strength, Nikkei Hits 27-Yr High

Asian Stocks Gain On US Dollar Strength, Nikkei Hits 27-Yr High

2018-09-28 04:56:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Stock markets posted broad gains
  • The Nikkei 225 was last higher in late 1992
  • The US Dollar was broadly firmer, indeed it was the single main factor behind stock gains

Find out what retail foreign exchange investors make of your favorite currency’s chances right now at the DailyFX Sentiment Page

The Nikkei 225 hit a 27-year high on Friday, boosted by a still-weaker Japanese Yen as the US Dollar continued to build on the strength built up after this week’s Federal Reserve monetary policy meeting.

The Tokyo benchmark got as high as 24,286,10, its best showing since November 1991. Asian stocks more broadly seems set to end a twitchy month with some gains. Stocks in Australia, Hong Kong and Shanghai were also higher as their closes loomed. A stronger Dollar often helps Asia’s export-heavy bourses as investors anticipate increased US demand for their goods.

Friday’s trade was dominated by this factor, it seems, even though trade worries continue to glower over these markets. The one exception to the overall market cheer came from South Korea where the Kospi failed to hold on in the green.

In the foreign exchange space, USD/JPY gains took it up to peaks not seen since November, 2017. Its monthly-chart uptrend now has the previous tops of late 2016 in sight.

Creeping Higher. US Dollar Vs Japanese Yen, Monthly Chart

Gold prices hovered near two week lows thanks to that stronger Dollar, with crude oil prices up once again on investor uncertainty over fallout from sanctions against major producer Iran.

Still awaiting investors on the Friday data schedule are German unemployment numbers, another look at the UK’s second quarter Gross Domestic Product, and the Eurozone Consumer Price Index. From the otherside of the Atlantic, there’s Canadian GDP to come, along with US personal spending numbers and the University of Michigan’s consumer sentiment snapshot.

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