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
Mixed
Wall Street
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
Gold
Mixed
GBP/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
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
More View more
Real Time News
  • What are some trading takeaways from 2020, as we jump into the new year? Find out with your free guide here: https://t.co/e7udCTJlmf #DailyfxGuides https://t.co/OXUgYIl2ru
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/xncree8XaW
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/gGOU1RVQzq
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/wrI29FTN41
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/UzzC1bGzRJ
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/46bdHdOmOV
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here: https://t.co/8G8mUX4so6 https://t.co/6FokpDbL65
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/TwrOBFgIwj
  • Gold prices were crushed this week as yields continued to climb. But with a big spot of support coming in, can buyers bring a bounce ahead of NFP? Get your market update from @JStanleyFX here: https://t.co/E1TTXVJGUm https://t.co/pD4TeAY3ZP
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here: https://t.co/BgZLFljIhZ https://t.co/PiLYJDVvtY
Asian Stocks Mostly Down On Trade Growth Fears, Oil Price In Focus

Asian Stocks Mostly Down On Trade Growth Fears, Oil Price In Focus

David Cottle, Analyst

Asian Stocks Talking Points:

  • Most Asian stock markets struggled with old worries about trade and growth
  • Oil prices were to the fore after Tuesday’s sharp US-time falls
  • The US Dollar slipped back as the Pound and Euro edged hopefully upward

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

Asia Pacific stocks were mostly lower Wednesday as investors fretted about lower global growth in the face of plunging oil prices.

US crude futures endured their worst one-day loss in more than three years on Tuesday, falling by around 7% in spite of Saudi Arabian pledges to reduce supply this year. Markets are clearly still worried that the market will remain oversupplied even with this cut. Chinese shares had been down for much of the day but the Shanghai Composite was flat in the middle of its afternoon session, with the Hang Seng down 0.4%. Australia’s ASX 200 had shed 1.7%, with the Kospi off by 0.2%. The Nikkei 225 stood out in the green, if not very far, rising 0.1%.

However the Tokyo benchmark remains below its most recently dominant uptrend line and, while it does, the lows of late October look more likely to be seen again than this year’s peak, made earlier last month.

October Lows In Sight- Nikkei 225, Daily Chart.

The day’s regional data came mainly from China where October retail sales underwhelmed market expectations while industrial production topped them by a whisker. Beijing’s historically modest 6.5% growth target still looks eminently achievable but much of course hangs on the outcome of trade talks with the US. Theiur outcome remains in doubt.

In the foreign exchange space, the Euro and Sterling recovered a little as markets looked hopefully to the chance of a Brexit deal. There seems small chance that any so-far trailed agreement will get through the UK Parliament, however, so both currencies could still face a bumpy ride ahead. For the moment their gains saw the US Dollar retreat a little from its recent 16-month peaks. That said the greenback retains a solid underpinning based on the Federal Reserve’s position as clearly the most aggressive tightener of monetary policy.

Gold prices edged up as the Dollar retraced while crude oil prices continued to fall,

There is plenty of important economic data still to come on Wednesday, including official inflation figures from both the US and the UK. German Gross Domestic Product numbers are on tap too, along with the Eurozone’s own growth stats. US weekly and hourly earnings will be in focus as well.

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