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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
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
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
  • The tension from March continues to subside, allowing for the $USD to slide to fresh two-month-lows. Get your currencies market update from @JStanleyFX here: https://t.co/bRSRjUqg6Z https://t.co/Q35YpIZEd2
  • López Obrador hopes #USMCA will help tighten trade relationships between the US and Mexico. Get your currencies market update from @HathornSabin here: https://t.co/bZrUKSCGaS https://t.co/MZ7UoiWWRj
  • The $AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal. Get your market update from @ZabelinDimitri here: https://t.co/LkEFJViPWY https://t.co/sofO135ElG
  • The US Dollar could rise against #ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data. Get your ASEAN currencies market update from @ddubrovskyFX here:https://t.co/LkEFJViPWY https://t.co/ZGFaQQ3Hr2
  • The #Euro is the big driver here for DXY as it is 57% of the index. It is rising now and trying to break above the March 27 high at 11147. Get your $EURUSD technical analysis from @PaulRobinsonFX here:https://t.co/6gt3F9LuGP https://t.co/73SaL5AeXD
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/EIC9YqfTec
  • Anybody else think that casting directors in movies are some of the most underrated people when it comes to giving a film/series credit?
  • No https://t.co/EoBltaP17k
  • Crude #oilprices may face heightened liquidation pressure as the cycle-sensitive #commodity finds itself under the pressure of resilient resistance and a vulnerable, multi-week rising channel. Get your crude #oil market update from @ZabelinDimitri here: https://t.co/cGPX4qcOH1 https://t.co/0U4JMJVFuf
  • The @ecb will likely boost its Pandemic Emergency Purchase Program at Thursday’s meeting of its Governing Council; a move that could give the #Euro a lift. Get your currencies market update from @MartinSEssex here: https://t.co/I4PbmJNG1z https://t.co/hu6Ld1KdDB
Asia Shares Brush off Worrying Trade News From Volatile US Session

Asia Shares Brush off Worrying Trade News From Volatile US Session

2019-01-25 06:00:00
Daniel Dubrovsky, Analyst
Share:

Asia Pacific Markets Wrap Talking Points

  • Asia Pacific stock markets largely trade higher despite worrying trade news from US
  • Nikkei 225 rises 1%, still within the boundaries of a brewing bearish reversal pattern
  • S&P 500 futures are pointing higher, signaling market mood may continue improving

Find out what retail traders’ equities buy and sell decisions say about the coming price trend!

Asia Pacific benchmark stock indexes largely traded higher Friday, brushing off the latest US-China trade news. During the Wall Street trading session, US Commerce Secretary Wilbur Ross noted that the two nations are still ‘miles and miles’ away from an agreement. The S&P 500 only ended the day about 0.14% to the upside after a volatile session.

In stark contrast, the Nikkei 225 climbed about one percent heading into the close of the week. The information technology sector largely contributed to the gains. Still, the Japanese index is within a bearish reversal pattern that has been brewing since the end of December. China’s Shanghai Composite rose about 0.82% while the ASX 200 climbed roughly 0.68%.

Looking at foreign exchange markets, the anti-risk Japanese Yen underperformed against its major counterparts as market mood improved. Puzzlingly, the pro-risk Australian and New Zealand Dollars struggled to capitalize on improving sentiment. The British Pound seemed to be getting most of the attention as it continued soaring on the latest Brexit developments.

For the remainder of the session, US durable goods orders are likely to be postponed due to the government shutdown. The Swedish Krona may come under selling pressure if local retail sales data misses expectations. As such, sentiment might be the main driver for the markets as the week concludes. S&P 500 futures are pointing a little higher.

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.