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. See our updated Privacy Policy here.



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
More View more
Real Time News
  • 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:
  • 🇹🇭 Balance of Trade (AUG) Actual: $-1.22B Expected: $0.97B Previous: $0.18B
  • Heads Up:🇹🇭 Balance of Trade (AUG) due at 03:30 GMT (15min) Actual: $-1.22B Expected: $0.97B Previous: $0.18B
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here:
  • Evergrande USD bondholders say have yet to receive interest due Thursday -BBG
  • The US Dollar seems to be back on the offensive against its major counterparts, pressuring EUR/USD and NZD/USD lower as USD/JPY consolidates. USD/CHF surges past key resistance. Get your market update from @ddubrovskyFX here:
  • Gold prices gain as potential systemic risks out of China's Evergrande Group roil broader markets. Meanwhile, iron ore is ticking higher after a big drop on Monday as China steps up steelmaking curbs. Get your market update from @FxWestwater here:
  • 🇯🇵 Core Inflation Rate YoY (AUG) Actual: 0.0% Expected: 0% Previous: -0.2%
  • 🇯🇵 Inflation Rate Ex-Food and Energy YoY (AUG) Actual: -0.5% Previous: -0.6%
  • 🇯🇵 Inflation Rate YoY (AUG) Actual: -0.4% Previous: -0.3%
Asian Stocks Mixed As Markets Wait For Fed, USD Pressured

Asian Stocks Mixed As Markets Wait For Fed, USD Pressured

David Cottle, Analyst

Asian Stocks Talking Points:

  • Equities were mixed as the final Fed meeting of 2018 approached
  • The mobile unit of Softbank debuted on the Nikkei and headed South
  • The US Dollar was a little weaker

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

Asia Pacific stock markets were mixed and rather subdued Wednesday as investors looked toward the final US Federal Reserve monetary policy decision of 2018. Rates are expected to rise a quarter point- to 2.25%-2.50%- but a more cautious path of increases into 2019 is expected too. The decision will come through well before regional markets reopen on Thursday.

Oil prices were also in focus. They swooned to their 2018 lows in the previous US session as investors fretted about weaker global demand hitting still-healthy supply.

The Nikkei 225 was 0.7% lower as its close loomed on Wednesday, with the Shanghai Composite and Sydney’s ASX 200 off by 0.2% apiece. The Hang Seng was up by 0.1%, with South Korea’s Kospi up 0.8%. Shares of Softbank’s mobile unit fell sharply in Tokyo on the day of their IPO, the second largest every behind Alibaba.

Foreign exchange trade saw the US Dollar slightly lower as those prognoses of a less hawkish Fed continued to swirl. USD/JPY has slipped significantly below the uptrend channel which had previously contained trade since May.

Uptrend Broken. US Dollar Vs Japanese Yen, Daily Chart

Near-term support is holding, however, and the US Dollar will retain a significant yield advantage against its Japanese rival for the foreseeable future under all likely scenarios.

Gold prices held firm on hopes that US rates may rise more gradually- higher interest rates tend to weigh on non-yielding assets. Crude oil prices clawed their way back up, but oversupply concerns still dog the market.

Wednesday’s economic data slate will remain pretty lively. German producer prices are coming up, along with official inflation numbers out of the UK and Canada. However the impact of any and all of these will be blunted by that wait for the Fed.

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.