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
Bearish
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
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.51% 🇦🇺AUD: 0.45% 🇨🇦CAD: 0.44% 🇳🇿NZD: 0.25% 🇬🇧GBP: 0.23% 🇯🇵JPY: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/X79P6EsMnj
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Germany 30: 2.74% France 40: 2.73% FTSE 100: 2.28% Wall Street: 0.91% US 500: 0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SvvEG07UEc
  • NZ PM says Auckland will move to level 3 restrictions for 3 days $NZD
  • 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/dnwQT6AhKF
  • Heads Up:🇿🇦 Unemployment Rate (Q2) due at 09:30 GMT (15min) Previous: 30.1% https://www.dailyfx.com/economic-calendar#2020-08-11
  • 💶 ZEW Economic Sentiment Index (AUG) Actual: 64.0 Previous: 59.6 https://www.dailyfx.com/economic-calendar#2020-08-11
  • 🇩🇪 ZEW Current Conditions (AUG) Actual: -81.3 Expected: -68.8 Previous: -80.9 https://www.dailyfx.com/economic-calendar#2020-08-11
  • 🇩🇪 ZEW Economic Sentiment Index (AUG) Actual: 71.5 Expected: 58 Previous: 59.3 https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇩🇪 ZEW Current Conditions (AUG) due at 09:00 GMT (15min) Expected: -68.8 Previous: -80.9 https://www.dailyfx.com/economic-calendar#2020-08-11
  • Heads Up:🇩🇪 ZEW Economic Sentiment Index (AUG) due at 09:00 GMT (15min) Expected: 58 Previous: 59.3 https://www.dailyfx.com/economic-calendar#2020-08-11
Asian Stocks Up On Trade Hopes. NZD Sharply Higher. US CPI Eyed

Asian Stocks Up On Trade Hopes. NZD Sharply Higher. US CPI Eyed

2019-02-13 06:04:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Most equity markets made gains Wednesday afternoon
  • The possibility of the US pushing back its trade deadline helped sentiment
  • The New Zealand Dollar made gains after its central bank left rates alone

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 higher Wednesday thanks to yet another revival in hopes for trade rapprochement between the US and China.

President Donald Trump Tuesday proclaimed himself open to postponing the looming March 2 deadline beyond which further tariffs will be imposed on Chinese imports if an agreement can be reached shortly.

Treasury Secretary Stephen Mnuchin and Trade Representative Robert Lighthizer are currently in Beijing for talks with Vice Premier Liu He.

The Nikkei 225 was up 1.4% as its close approached, with Shanghai up 0.9% and the Hang Seng up 0.8%. Australia’s ASX 200 ran into some profit taking on the morning’s gains and was off by 0.4%, a solitary loser among regional mainboards.

The US Dollar weakened a little as trade hopes dulled investor appetite for perceived haven assets. The Australian and New Zealand Dollars got a lift. The latter gained sharply after its home central bank left interest rates alone. This had been widely expected but there had clearly been some suspicion in the markets that the Reserve Bank of New Zealand was going to strike an even more cautious tone on interest rates.

Governor Adrian Orr said afterwards that the chance of a rate cut had not increased in the past month.

NZD/USD’s recent decline has been arrested for the moment although the pair remains below the previously dominant uptrend channel which was broken to the downside last Wednesday.

Strong Bounce. New Zealand Dollar Vs US Dollar, Daily Chart

Gold prices were steady through the Asian session while crude oil prices remained elevated following Tuesday’s news of more Saudi supply cuts.

The economic day’s main remaining event will undoubtedly be the release of official US inflation figures. January’s annualized core Consumer Price Index rose is expected to have remained broadly stable at 2.1%. That data aside investors will look to a plethora of UK numbers, which include that country’s CPI. Eurozone industrial production figures are due, as is news of US mortgage-application levels.

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!

https://www.dailyfx.com/webinars?re-author=Cottle

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.