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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
  • 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
  • 🇯🇵 Leading Economic Index Final (DEC) Actual: 95.3 Expected: 94.9 Previous: 96.1
  • 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
  • S&P 500 Rally May Lift Hang Seng, ASX 200 on Dovish Fed, 3rd US Vaccine.
  • 🇯🇵 Coincident Index Final (DEC) Actual: 88.3 Expected: 87.8 Previous: 89.0
  • RT @FxWestwater: Crude Oil Price Forecast: Demand and Supply Drivers Firing on All Cylinders Link:…
  • 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:
  • 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:
  • Heads Up:🇯🇵 Coincident Index Final (DEC) due at 05:00 GMT (15min) Expected: 87.8 Previous: 89.0
  • Heads Up:🇯🇵 Leading Economic Index Final (DEC) due at 05:00 GMT (15min) Expected: 94.9 Previous: 96.1
Asian Stocks Gain On US, China G20 Trade Breakthrough, Oil Soars

Asian Stocks Gain On US, China G20 Trade Breakthrough, Oil Soars

David Cottle, Analyst

Asian Stocks Talking Points:

  • Asian stocks were broadly higher, with gains of nearly 2% common
  • Oil prices did better, adding around 5%
  • Investors like the US/China trade thaw, but will need to see more progress

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

Asia Pacific the stocks started the week well in the green as investors cheered the trade trucehammered out between the United States and China at the Group of 20 Summit meeting in Argentina. Oil prices also soared on the news, with markets also eying production cuts from Saudi Arabia and Russia.

Beijing and Washington have agreed that proposed US tariff increases will be suspended for 90 days while negotiators meet to discuss matters of trade contention. While this represents a thaw in trade relations between the two, it’s still not the major deal markets want. Still, as progress it has supported risk appetite across the board.

The Nikkei 225 added 1.1% with most other regional indexes up by more. Shanghai was nearly 3% higher as its own close loomed, with the Hang Seng up 2.2% and the ASX 200 adding 1.8%.

Australia is perhaps uniquely exposed to tensions between the US and China as it relies heavily on one for its export strength and the other for security. However, many other nations have versions of the same dilemma and therefore good reason to want those tensions to simmer down.

The US Dollar came under some initial pressure as the G20 deal saw growth related currencies like the Australian Dollar back in favor, at the expense of perceived havens like the Dollar and the Japanese Yen. However, the market had recently been wondering about the likely pace of US interest rate rises into 2019. A trade deal might well see the Federal Reserve on track to keep hiking for longer and this possibility saw the Dollar looking stronger.

The Aussie Dollar was well supported, focused on trade prospects rather than decidedly lackluster local data.

Asian Stocks Gain On US, China G20 Trade Breakthrough, Oil Soars

Crude oil pricestacked on more than 5% as investors looked to better demand prospects in the wake of the deal. Gold prices might have been expected to slide with risk aversion, but they actually picked up a little as the US Dollar slipped.

Still to come on Monday are Purchasing Managers Index data from the UK, US, Canada and Mexico. November’s employment snapshot from the US Institute for Supply Management is also coming up.

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.