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.

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
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
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
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • The US Dollar has slipped lower again today, falling to its lowest point since early Tuesday. After testing 91.40 yesterday for the second time this week, the $DXY headed lower, currently trading back below the 91.00 level. $USD https://t.co/92FMTXo42U
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.41% 🇪🇺EUR: 0.41% 🇬🇧GBP: 0.33% 🇳🇿NZD: 0.22% 🇯🇵JPY: 0.22% 🇨🇦CAD: 0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/6A6MTdrLqz
  • Heads Up:🇷🇺 CBR Press Conference due at 12:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-23
  • ECB said to expect difficult June decision on bond-buying pace, ECB views said to differ on economic optimism and need for caution - ECB sources $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.49%, while traders in Germany 30 are at opposite extremes with 68.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/coX4Ww1pRP
  • 🇷🇺 Interest Rate Decision Actual: 5% Expected: 4.75% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2021-04-23
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.50% Gold: 0.13% Silver: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DyTN6Z1PLU
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.34% 🇪🇺EUR: 0.34% 🇬🇧GBP: 0.33% 🇨🇦CAD: 0.18% 🇳🇿NZD: 0.15% 🇯🇵JPY: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JKnNu9wyXr
  • Heads Up:🇷🇺 Interest Rate Decision due at 10:30 GMT (15min) Expected: 4.75% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2021-04-23
  • ECB's De Cos - Including transient and mild inflation overshoots in monetary policy strategy is expected to have only a minor impact on inflation expectations - A point plan of exactly 2% would be a reasonable option (current inflation guidance = below, but close to 2%)
Asian Stocks Wilt As Chinese Exports Disappoint, US Payrolls Loom

Asian Stocks Wilt As Chinese Exports Disappoint, US Payrolls Loom

David Cottle, Analyst

Asian Stocks Talking Points:

  • Indexes were weaker across the board
  • China’s worst export data for three years did the damage
  • US labor numbers may be able to lift the mood

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 lower Friday, with the Shanghai Composite down nearly 3% on the day thanks to very weak Chinese trade data.

Exports shrank by 20.7% in February in US Dollar terms, a far deeper fall than the 5.2% expected and the worst showing for three years. Even allowing for distortions related to the long Chinese New Year break this looks like yet another very feeble set of numbers from the world’s second largest economy. What’s more they came only hours after the European Central Bank cut eurozone growth forecasts and put more stimulus on the table, and Wall Street stocks heading lower on mounting global-economic concerns.

Given all of the above it’s hardly surprising that Asian equity found Friday tough. The Nikkei 225 shed 2.5%, with the ASX 200 down 1% and the Hang Seng off by 1.50%. Shanghai stocks had the worse of it though. The were down 2.90% just ahead of their close.

The Euro remained under pressure from Thursday’s ECB decision, with the Australian Dollar lower on those China trade worries. The US Dollar was also down a little against a basket of its major traded rivals, with the Japanese Yen catching its usual haven bid.

EUR/USD is now down to lows not seen since mid-2017, with the strong daily-chart downtrend channel seen since September 2018 very much entrenched.

Euro Vs US Dollar, Daily Chart

Crude oil prices slipped on those same economic concerns, with the bulls cause not helped by Thursday’s news of soaring US supply. Gold prices were steady, but still look set for a second straight weekly fall.

Immediate focus now will be on February’s nonfarm payroll count. It is expected to have increased by 187,000, for an unchanged unemployment rate of 3.9%, down from the previous month’s 4%.

Friday’s remaining economic data schedule also offers Canadian jobless numbers and US housing-start and building-permit figures. German factory orders figures are coming up too, but those US labor market statistics will be the main event for traders, as usual.

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