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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bullish
More View more
Real Time News
  • UK PM Boris Johnson: Second #Brexit referendum would be more toxic than the first $GBP
  • CFTC update: - $EUR sentiment continues to deteriorate - $GBP net shorts once again pared back https://www.dailyfx.com/forex/technical/article/cot/2019/10/14/Euro-Shorts-Increase-Sharply-GBPUSD-Less-Bearish-USD-Bulls-Rise---COT-Report.html?CHID=9&QPID=917713 https://t.co/EsT7ANANa8
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.05% 🇨🇭CHF: 0.02% 🇪🇺EUR: -0.10% 🇬🇧GBP: -0.31% 🇦🇺AUD: -0.48% 🇳🇿NZD: -0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/B4pOnICHKX
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.14% US 500: 0.05% Germany 30: -0.05% France 40: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2v1GGEyKQk
  • #Gold prices tested the 1475 level late last week. Buyers soon showed up and prices bounced into last week’s close and that push has so far held through this week’s open. Get your $gld market update from @JStanleyFX here:https://t.co/BxIZxt27Rc https://t.co/gLVZ4MAUvL
  • GBPUSD shies away from 38.2% fib at 1.2503 - resistance at 1.2670 area - 50% fib and 200-dma..#gbp #gbpusd #sterling @DailyFX https://t.co/e239kidYZ7
  • PM Boris Johnson: UK WIll be high wage, low tax economy after #Brexit $GBP
  • Join @DailyFX and @IG_US for an exclusive evening of in-depth analysis with the legendary technical investor John Bollinger @bbands, on October 28th in Chicago. Book your free seat today! https://t.co/bchL1GrTg4 https://t.co/o0LAgWAjzX
  • USD/JPY & EUR/JPY Confront Critical Resistance Levels - JPY Price Outlook More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/eur-jpy/2019/10/14/USDJPY-EURJPY-Confront-Critical-Resistance-Levels--JPY-Price-Outlook-MK.html?CHID=9&QPID=917714 https://t.co/FxVwTimbka
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.22% Gold: 0.10% Oil - US Crude: -2.77% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/0G5nJA9qtX
Asian Stocks Broadly Higher As China Hopes Endure, Focus on GDP

Asian Stocks Broadly Higher As China Hopes Endure, Focus on GDP

2019-04-15 05:28:00
David Cotle,
Share:

Asian Stocks Talking Points:

  • Stocks were broadly higher across the region
  • The Japanese Yen slipped as risk appetite held firm
  • Canada’s Dollar was weakened by the prospect of a tight provincial election in Alberta

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 were mostly higher as Monday’s action wound down, with last week’s Chinese economic data continuing to lend support.

Customs figures on Friday showed a strong rise in exports for March, with a 14.2% annualized rise trouncing the expected 7.3% gain. However, imports remain subdued and question marks still glower over China’s internal demand levels. Hopes for a trade settlement between Washington and Beijing also stoked sentiment. There was no sign of solid progress, but reports have suggested that the US will water down demands that China curb certain industrial subsidies- long a bone of contention.

Market focus will now move to Wednesday when official Gross Domestic Product data out of China will be released.

The Nikkei 225 added 1.5%, with the Shanghai Composite up 1.2%. The Hang Seng gained 0.6% with only Australia’s ASX 200 unable to remain up. It was down by 0.1% as its close loomed.

Turning to foreign exchange, improved risk appetite saw the Japanese Yen unwanted and close to its weakest levels for 2019 against the US Dollar. The Canadian Dollar was also on the defensive as investors eyed what is likely to be a close provincial election in Alberta- Canada’s oil-production heartland.

US Dollar Vs Canadian Dollar, Daily Chart.

USD/CAD remains within the gradual uptrend which has marked 2019 but for all the Canadian Dollar’s Monday weakness, the pair is still testing the base of that channel. A fall through it could well see the greenback slip further.

Oil prices headed lower but worries about supply ahead kept losses contained. Worries about Libyan supply in the face of mounting unrest in that country added to prognoses that OPEC may keep cutting too.

Gold prices slipped back a little as risk appetite kept focus on better-yielding possibilities.

Monday’s remaining economic data schedule is a little spartan with only Canadian existing-home sales and the US Empire manufacturing survey likely to whet investor appetite.

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.