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
Mixed
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
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.29% 🇯🇵JPY: 0.08% 🇨🇭CHF: 0.00% 🇦🇺AUD: -0.15% 🇪🇺EUR: -0.18% 🇨🇦CAD: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/gpL0CBYyXO
  • Heads Up:🇺🇸 Continuing Jobless Claims (25/JUL) due at 12:30 GMT (15min) Expected: 16720K Previous: 17018K https://www.dailyfx.com/economic-calendar#2020-08-06
  • Heads Up:🇺🇸 Initial Jobless Claims (01/AUG) due at 12:30 GMT (15min) Expected: 1415K Previous: 1434K https://www.dailyfx.com/economic-calendar#2020-08-06
  • Heads Up:🇺🇸 Jobless Claims 4-Week Average (01/AUG) due at 12:30 GMT (15min) Previous: 1368.5K https://www.dailyfx.com/economic-calendar#2020-08-06
  • BoE's Bailey says there is an awful lot of risk to the downside in forecasts $GBP
  • 🇧🇷 Unemployment Rate (JUN) Actual: 13.3% Expected: 13.2% Previous: 12.9% https://www.dailyfx.com/economic-calendar#2020-08-06
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/N5fcjBhOEn
  • Heads Up:🇧🇷 Unemployment Rate (JUN) due at 12:00 GMT (15min) Expected: 13.2% Previous: 12.9% https://www.dailyfx.com/economic-calendar#2020-08-06
  • The Evening Star candlestick is a three-candle pattern that signals a reversal in the market and is commonly used to trade forex. Learn more about the evening star candlestick pattern here: https://t.co/8OTE7m01IG https://t.co/BRy0FDszMS
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.84%, while traders in US 500 are at opposite extremes with 75.71%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/23c8kbQg3I
Asian Stocks Mixed On Trade Hopes, Weak China Data. Payrolls Eyed

Asian Stocks Mixed On Trade Hopes, Weak China Data. Payrolls Eyed

2019-02-01 06:02:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Bourses were mixed with moves mostly small Friday
  • Another set of Chinese manufacturing numbers severely underwhelmed
  • US labor statistics may provide the next directional cues

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

Hopes for a trade settlement between China and the United States gave some Asia Pacific equity markets a degree of support Friday, despite some terrible manufacturing numbers out of China which underlined once again how important a deal now is.

Investors also looked toward key US employment date due for release later in the session. January’s nonfarm payrolls data are coming up after Asian bourses close with market expectations centered around a rise of 165,000 jobs and an unchanged unemployment rate of 3.9%.

US President Donald Trump told reporters on Thursday that he was hopeful for a deal with China before the March deadline. CNBC cited two sources in its story which claimed that Trump and his counterpart Chinese President Xi Jinping could meet in late February.

Countering this more hopeful looking scenario was the January Caixin Purchasing Managers Index survey of China’s manufacturing sector. It registered the steepest contraction since 2016, hard on the heels of an official snapshot which, although slightly better than expected, was still very weak.

The Nikkei 225 was flat as its close approached, with the Kospi up by 0.1% and the Shanghai in the green by 0.5%. The Hang Seng was off by 0.4% with as the ASX200 down by 0.2%.

The Nikkei remains in the uptrend dominant since late December on its daily charts.

However, resistance formed by the top of steep falls which began earlier this month is still a tough nut for bulls to crack, and they have been trying for a little while now.

Nikkei 225, Daily Chart

In the foreign exchange space, the Australian Dollar was hit by those Chinese numbers, while the Japanese Yen steadied. Overall risk appetite held up fairly well though. The US Dollar index tracks the currency against its major traded peers and was steady on the day.

Crude oil prices rose but remain caught between the competing impulses of trade hopes and clear signs of a Chinese slowdown. Gold prices look set to end the week on a high note, buoyed up by this week’s dovish Federal Reserve policy statement. The prospect of more cautious rate rises ahead offers relief to non-yielding assets such as gold by reducing the risk-free returns on US Treasuries.

Those US labor stats aside there are still plenty of economic data points to attract investor attention on Friday. The Eurozone’s Consumer Price Index is due as are various Purchasing Managers Indexes for manufacturing sectors in Europe and Canada and the US. The Institute for Supply Management’s US snapshot is also coming up, along with constructions pending levels and the University of Michigan’s consumer sentiment index.

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.