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.

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
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
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
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • The retailer has created an event that sees its sales surpass Black Friday and Cyber Monday combined. Get your market update from @PeterHanksFX here:https://t.co/LCyr0z9DHh https://t.co/xDTXRH1TEj
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.44% 🇳🇿NZD: 0.43% 🇪🇺EUR: 0.19% 🇬🇧GBP: 0.11% 🇨🇭CHF: -0.03% 🇯🇵JPY: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/CoczW1YszK
  • US API Stock Changes: #Crude -7.199M #Cushing -2.550M #Gasoline +0.959M #Distillate +0.992M #Oil $CL_F
  • Bitcoin breached the key psychological level of $30,000 for the first time since January The Jan 22 swing low of $28,800 came in to help cauterize support. Get your market update from @PeterHanksFX here:https://t.co/zmlplL9ZqD https://t.co/6R5nFtVFYS
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.37% Gold: -0.28% Silver: -0.70% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/K9Qw88fR9n
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.01%, while traders in France 40 are at opposite extremes with 68.82%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HWcth7b6kv
  • WH Press Sec. Psaki: - More work remains on infrastructure after meeting - Today or tomorrow, a White House team will meet with Senators from both parties
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.01% Wall Street: 0.01% Germany 30: -0.11% France 40: -0.19% FTSE 100: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/HdfL6Ct6sE
  • McKesson said to explore sale of European, UK businesses -BBG $MCK $EURUSD $GBPUSD
  • EUR/GBP continues to trade towards the bottom of the trading range. Sentiment remains ‘mixed’ after near term decline in long positioning. Get your market updates from @RichardSnowFX here:https://t.co/i7uESnbkBE https://t.co/rdqrIAUnuG
Stocks Eye European Data, Can S&P 500 Uptrend Pass Key Resistance?

Stocks Eye European Data, Can S&P 500 Uptrend Pass Key Resistance?

Daniel Dubrovsky, Strategist

Asia PacificMarkets Wrap Talking Points

  • APAC equities traded mixed after US markets were offline, Nikkei 225 rose
  • AUD/USD fell on RBA meeting minutes as dovish BoJ trimmed JPY gains
  • All eyes on German, Eurozone ZEW surveys. S&P 500 eyeing key resistance

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

After US markets were offline and a slight dose of risk aversion was added, Asia Pacific benchmark stock indexes traded mixed. The Nikkei 225 and ASX 200 saw gains ranging above 0.2% as we headed into Tuesday’s close. China’s Shanghai Composite was relatively flat while South Korea’s KOSPI aimed about 0.3% to the downside.

Looking at foreign exchange markets revealed a somewhat ‘risk-off’ trading dynamic. Both the sentiment-linked Australian and New Zealand Dollars traded lower against their major counterparts. As anticipated, the RBA meeting minutes ultimately sent AUD/USD to the downside as the central bank offered more details to their increasingly neutral policy outlook. This is as opposed to favoring a hike down the road.

While the anti-risk Japanese Yen was higher, gains were trimmed on dovish commentary from BoJ’s Governor Haruhiko Kuroda. This also offered a slight boost to the Nikkei 225. Looking ahead, S&P 500 futures are pointing narrowly lower. The upcoming German and Eurozone ZEW sentiment surveys may disappoint, fueling risk aversion and presenting knock-on effects for ASEAN currencies as the US Dollar appreciates.

S&P 500 Technical Analysis

These next few days will be quite interesting for the S&P 500 if sentiment ends up prevailing instead. Ahead lays a range of resistance between 2785.93 and 2816.94. Should this be cleared, it could set itself up for paring losses from its dramatic plunge towards the end of 2018. Should it turn lower in the interim, near term support appears to be a rising trend line from January.

S&P 500 Daily Chart

Stocks Eye European Data, Can S&P 500 Uptrend Pass Key Resistance?

Chart created in TradingView

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