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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Weakness in equity markets continued last week as losses built and technical patterns hint further bearishness might be ahead. Get your #equities update from @PeterHanksFX here: https://t.co/GGVrB3r7if https://t.co/HPHUC8EG3o
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/q80wSAoxXP
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here: https://t.co/aVAzFypAg1 https://t.co/7mc19Gxrvm
  • #Gold prices succumbed to selling pressure as the US Dollar soared this past week What is #XAUUSD facing these next few days and can these fundamental forces extend its selloff? Check out my outlook here - https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/09/26/Gold-Price-Outlook-Rising-US-Dollar-Sinks-XAUUSD-Will-Losses-Extend.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/gPhy0KoW3W
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/38gTDnpPbn https://t.co/Xtk5g4JQEB
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/3Wked6GBOp https://t.co/SsUguHB39W
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:https://t.co/1oygcFMFNs https://t.co/aD1ZWhTWZp
  • The price of #oil may continue to trade in a narrow range as the rebound from the September low ($36.13) appears to have stalled ahead of the month high ($43.43). Get your #commodities update from @DavidJSong here: https://t.co/719LgjFmYG https://t.co/SSoqjONUzA
  • The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6. Get your #currencies update from @DanielGMoss here: https://t.co/HJpngnerzY https://t.co/g6X8ABQDwY
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your USD/INR market update here:https://t.co/ed4QR7QQOn https://t.co/gDWYNtm2UY
Asian Stocks Gain On Trade Hopes As China, US Meet For New Talks

Asian Stocks Gain On Trade Hopes As China, US Meet For New Talks

2019-04-03 05:54:00
David Cottle, Analyst
Share:

Asian Stocks Talking Points:

  • Mainboards were higher across the region
  • Hopes are high that US/China negotiations will at leas bear tangible fruit
  • The Australian Dollar gained on overall risk appetite and stronger domestic numbers

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

Asia Pacific stock markets rose on Wednesday as hopes endured that China and the US might be close to a trade settlement.

A report in the Financial Times quoted a vice president of the US Chamber of Commerce saying that a deal was 90% done. White House economic adviser Larry Kudlow said the two countries expect to make headway at this week’s talks, which start on Wednesday.

Sure enough, the Nikkei 225 rose by 1%, with the Shanghai Composite up by 0.5%. The Hang Seng added 1.1% and Sydney’s ASX 200 0.7%.

Foreign exchange markets saw a similar revival of risk appetite with the Australian Dollar doing well at the expense of perceived havens such as the Japanese Yen. The Aussie also got a boost from domestic numbers showing that retail sales and the trade surplus had both beaten expectations.

Indeed, AUD/USD has been lifted back into the uptrend channel which it abandoned on Tuesday for the first time following a rather dovish economic roundup from the Reserve Bank of Australia.

Uptrend Regained. Australian Dollar Vs US Dollar, Daily Chart

Output at China’s smaller, private service sector firms reached a fourteen-month high in March according to the Purchasing Managers Index from media group Caixin.

Crude oil prices looked set for a fourth straight day of gains as investors mulled the possibility of higher demand in the event of a trade deal. Gold prices were steady as a modest pullback for the US Dollar offset the dampening effects of revived risk appetite.

Still to come on Wednesday are various PMI data from around Europe and the US, with official Crude Oil inventory levels from the Department of Energy also due.

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