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
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
Wall Street
Bullish
Gold
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
GBP/USD
Mixed
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
  • Nothing like a good old August melt-up in $USDTRY - Reminder, next Turkish Central Bank Rate Decision is scheduled for Aug 20th - Record high 7.26 https://t.co/yhyBZ3qZCJ
  • Gold Price Surge May Be Losing Steam, US Fiscal Stimulus Eyed - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/08/06/Gold-Price-Surge-May-Be-Losing-Steam-US-Fiscal-Stimulus-Eyed.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold #stimulus https://t.co/fBBfTC9nvW
  • BoE Governor Bailey says negative rates are in the toolkit, but it is not in the current plan to use them $GBP
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/CVJCHaxfJs
  • State banks need to "TRY" harder to curb this selling https://t.co/5uxrOsqf6t
  • 🇬🇧 Construction PMI (JUL) Actual: 58.1 Expected: 57 Previous: 55.3 https://www.dailyfx.com/economic-calendar#2020-08-06
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/v5GUzpuLei
  • France 40 IG Client Sentiment: Our data shows traders are now net-short France 40 for the first time since Jul 22, 2020 when France 40 traded near 5,047.30. A contrarian view of crowd sentiment points to France 40 strength. https://www.dailyfx.com/sentiment https://t.co/LSOK5BsvC8
  • RT @VPatelFX: Bank of England's resistance against negative rates & new tightening guidance has pushed expectations of Bank Rate cut back t…
  • Heads Up:🇬🇧 Construction PMI (JUL) due at 08:30 GMT (15min) Expected: 57 Previous: 55.3 https://www.dailyfx.com/economic-calendar#2020-08-06
Asian Stocks Mostly Down On Apple Woes, US Futures In Wary Focus

Asian Stocks Mostly Down On Apple Woes, US Futures In Wary Focus

2019-01-03 06:00:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Stock markets were mostly lower across the region
  • Apple’s guidance downgrade came at an unfortunate point in the global day
  • The Yen and Gold made gains

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 broadly weaker again on Thursday, with the travails of Apple very much in focus. The US tech titan said Wednesday that it foresaw weaker sales in China as it cut guidance for the first quarter of 2019.

Apple blamed lower-than-expected iPhone revenue and worries about a slowdown in the world’s second largest economy. These worries were already simmering thanks to a clearly weaker run of Chinese economic data. Of course, the region is home to a number of Apple suppliers, which made the going tough for stocks, as did falls for US equity futures.

Japanese markets remained closed for a holiday, but the Shanghai Composite shed 0.1% as their close approached, while the Hang Seng was down 0.4%. Australia’s ASX 200 bucked the trend and rose by more than 1% as its energy sector caught a nice tailwind from higher oil prices in the previous session even though they failed to hold into Thursday’s trade.

The Japanese Yen climbed sharply against its peers following Apple’s announcement, which came just as the US market had bowed out and before Asian desks were fully operative. Market liquidity is famously thin during these hours, and moves can be magnified. The spike in risk aversion reportedly caused huge stop-loss buy orders from accounts which had been short of the Yen. The US Dollar hit its lowest point against the Japanese unit since March, 2018, while the risk-linked Australian Dollar fell to lows not seen since 2009 against the greenback.

Technically speaking AUD/USD has now traded outside its dominant 2018 downtrend channel on an intraday basis, but remains well within it.

Asian Stocks Mostly Down On Apple Woes, US Futures In Wary Focus

With absolutely no sign of any interest rate support coming the Aussie’s way this year, and possibly into next, the currency is all-too-likely to remain under duress even if perceptions of likely US rate rises are reined in further.

Deepening worries about global growth saw gold prices gain, while crude oil prices were under pressure as markets contemplate uncertain demand and rising supply.

Topping a still-limited data bill we find the US manufacturing and employment snapshot from the Institute for Supply Management. Automated Data Processing’s look at the labor market is also coming up, as are weekly jobless claims numbers. Switzerland’s manufacturing Purchasing Managers Index is on the slate too.

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

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.