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
Bullish
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.94%, while traders in Wall Street are at opposite extremes with 80.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/WWeIIheTYs
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.16% 🇪🇺EUR: 0.09% 🇨🇦CAD: 0.08% 🇦🇺AUD: 0.03% 🇯🇵JPY: -0.05% 🇳🇿NZD: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/FLxOjdw4th
  • 🇯🇵 Leading Economic Index Final (DEC) Actual: 95.3 Expected: 94.9 Previous: 96.1 https://www.dailyfx.com/economic-calendar#2021-02-25
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.58% France 40: 0.54% FTSE 100: 0.39% Wall Street: 0.34% US 500: 0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TDT69DjXeV
  • S&P 500 Rally May Lift Hang Seng, ASX 200 on Dovish Fed, 3rd US Vaccine. https://www.dailyfx.com/forex/market_alert/2021/02/25/SP-500-Rally-May-Lift-Hang-Seng-ASX-200-on-Dovish-Fed-3rd-US-Vaccine.html https://t.co/w22gDJEcXa
  • 🇯🇵 Coincident Index Final (DEC) Actual: 88.3 Expected: 87.8 Previous: 89.0 https://www.dailyfx.com/economic-calendar#2021-02-25
  • RT @FxWestwater: Crude Oil Price Forecast: Demand and Supply Drivers Firing on All Cylinders Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/02/25/Crude-Oil-Price-Forecast-Demand-and-Supply-Drivers-Firing-on-All-Cylinders.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/5…
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/YKS41u2Ptg
  • Risk appetite has spread heading into Thursday trade with more than just the SPX taking the lede. GameStop ($GME) is back in the top performance depth chart. What does this mean for trends ahead? My analysis: https://www.dailyfx.com/forex/video/daily_news_report/2021/02/25/GameStop-Commands-the-Speculative-Headlines-as-SP-500-and-Yen-Crosses-Rally.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/54seZPSCN0
  • Heads Up:🇯🇵 Coincident Index Final (DEC) due at 05:00 GMT (15min) Expected: 87.8 Previous: 89.0 https://www.dailyfx.com/economic-calendar#2021-02-25
Asian Stocks Wilt Across Board, US Midterms, Central Banks Eyed

Asian Stocks Wilt Across Board, US Midterms, Central Banks Eyed

David Cottle, Analyst

Asian Stocks Talking Points:

  • Share markets were broadly lower
  • Investors are wary before US elections and various central bank policy decisions
  • The US Dollar Edged Down

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

Asian stocks were broadly lower Monday despite some late vigor from Wall Street last week, Investor worries about weaker global growth and the effects of higher US interest rates seemed to be in charge.

Chinese President Xi Jinping tried to position China as a globalization’s standard bearer in a speech kicking off China’s International Import Expo. This event will put the spotlight on China’s propensity to consumer global goods, when so often its vast export machine grabs attention.

Still, the prospect of trade conflict between the world’s two largest national economies still glowers over markets.

Sure enough, the Nikkei 225 shed 1.2% in the middle of the Tokyo afternoon, with the ASX 200 off 0.2% and the Kospi down 1.5%. Chinese stocks initially held up better but they rolled over as their morning ended. The Shanghai was down 1.5% and the Hang Seng lost 2.4%..

Focus is also of course on the US Midterm Elections which will be held on Tuesday. They will be voters’ first chance to pass real verdict on Donald Trump’s Presidency and, despite a strong economic performance, polls suggests that the Democrats could do well. The week will also bring three major central bank monetary policy decisions, from the US, Australia and New Zealand.

Currency markets were generally subdued, with the US Dollar inching lower against most major traded rivals. The UK Pound picked up a bit of steam on reports that a Brexit customs union deal might be close, but it remains far from certain that any arrangement denying the UK the right to make its own trade deals would pass the House of Commons in London.

The Japanese Yen is still struggling against the US Dollar, with USD/JPY’s uptrend channel from late October still intact. Bank of Japan Governor Haruhiko Kuroda said monetary largesse will continue until inflation sustainably tops 2%, further highlighting the policy gap between the BoJ and the Federal Reserve.

Uptrend Holds On: US Dollar Vs Japanese Yen, Daily Chart

US Dollar bulls are maintaining the fight and still have this year’s peak in their sights.

Gold prices were steady, while crude oil prices edged down. They were reportedly undermined by last week’s news that the US will apply various wavers to its sanctions against Iran.

Still awaiting investors on Monday are data on US personal consumption and expenditure which will see daylight after official US public borrowing figures.

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