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
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Mixed
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
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
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:https://t.co/A4dqGMPylo https://t.co/xqbUxwWgTZ
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/Gi8LHCT5sB
  • The AB=CD pattern is simple once you know how to spot it and draw the proper Fibonacci retracements. Make your trading strategy as simple as ABCD here: https://t.co/AKmlmaAZBS https://t.co/FFmRYyx4ou
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here: https://t.co/aVAzFypAg1 https://t.co/r7aJb4qpqc
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here: https://t.co/ERyiY47G5H https://t.co/fIGDaDW21V
  • ...even more incredible is net speculative futures positioning in $EURUSD, rounding off from a record net long position...and it hasn't even cleared 1.20... https://t.co/SfyYTMTT1x
  • Net speculative futures positioning in the Dollar (here overlaid with the $DXY) has pushed to extreme levels commensurate to the levels in Oct 2017 and April 2018 https://t.co/JqHGgVUCqc
  • The $SPX closed below the 50-day moving average Friday. The first time it has done so in 103 trading days. The 'technical' end of an exceptional run: https://t.co/HUn5Q6JmlK
  • Despite recent weakness in the #SP500, the growth-linked New Zealand Dollar has been gaining momentum ahead of the #RBNZ next week Could this trend continue, or will $NZDUSD capitulate to the mercy of risk trends? Check out my fundamental outlook - https://www.dailyfx.com/forex/fundamental/forecast/weekly/nzd/2020/09/19/New-Zealand-Dollar-Outlook-NZDUSD-May-Rise-on-RBNZ-Watch-SP-500.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/34vcR4fjpT
  • RT @FxWestwater: #Copper rose to a fresh multi-year high as Chinese demand and supply-side issues continue to support price action amid a l…
Asian Stocks Mixed With Trade Worries Weighing On Most

Asian Stocks Mixed With Trade Worries Weighing On Most

2018-10-02 06:37:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Asian stocks were mostly lower again
  • Hong Kong’s index took a particular hit, as did its currency
  • The Australian Dollar slipped after its central bank held rates yet again

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

Asia Pacific equity markets were mostly lower on Tuesday with trade tensions once again glowering over them.

Despite Monday’s news of agreement between the US and Canada, regional worries remain hostage to the enduring spat between Washington and Beijing. White House economic advisor Larry Kudlow said in a television interview on Monday that a trade deal was not imminent and that the President was unsatisfied with the progress of talks. Defense Secretary James Mattis cancelled a visit to China, which was to have taken place later this month.

The mainboards in Sydney, Seoul and Hong Kong were all lower, with the Nikkei 225 still just in the green, having pared gains. It closed 0.1% higher. Shanghai stocks were the only serious trend-buckers, with the Composite there up by more than 1%. Hong Kong’s Hang Seng was under especially heavy pressure, with reports citing lack of progress in trade talks and last weekend’s weaker China manufacturing data as reasons why. The index was down by nearly 2% in its afternoon session with some spillover seen in the Hong Kong Dollar, which was also sharply lower.

The Australian Dollar slipped too after the Reserve Bank of Australia left its Official Cash Rate alone at its now ancient 1.50% record low. This was broadly expected by the dropping of an inflation forecast from its statement had the market believing- rightly or wrongly- that the central bank was less sure about an uptick.

Gold prices edged up as trade tensions took the edge of risk appetite while crude oil prices were up as US sanctions against Iran continue to provide support.

Gold has retraced to lows not seen since January 2017 on its daily chart. However, it has been range-bound since mid -August, possibly as trade-induced reduction in risk appetite has played against the bearish impulse provided by higher US interest rates.

Spot Gold Prices, Daily Chart

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